Podcast
Questions and Answers
The GDP per capita in China increased from RMB 64,644 in 2018 to RMB 70,714 in 2019.
The GDP per capita in China increased from RMB 64,644 in 2018 to RMB 70,714 in 2019.
True (A)
What type of industry involves the extraction of natural resources?
What type of industry involves the extraction of natural resources?
Primary industry
In 2019, China's GDP per capita was RMB __________.
In 2019, China's GDP per capita was RMB __________.
70,714
Match the following industries with their descriptions:
Match the following industries with their descriptions:
Which of the following sectors is primarily responsible for producing consumer goods?
Which of the following sectors is primarily responsible for producing consumer goods?
The '13th Five-Year' Plan indicates that China plans to decrease the focus on developing its service industry.
The '13th Five-Year' Plan indicates that China plans to decrease the focus on developing its service industry.
What is one example of consumer service that has increased in demand due to rising wealth among Chinese consumers?
What is one example of consumer service that has increased in demand due to rising wealth among Chinese consumers?
The industry that produces goods bought by producers to assist in production is called ______ industry.
The industry that produces goods bought by producers to assist in production is called ______ industry.
Match the following types of industry with their descriptions:
Match the following types of industry with their descriptions:
Which of the following is an example of a secondary industry?
Which of the following is an example of a secondary industry?
Banks are classified as a secondary industry.
Banks are classified as a secondary industry.
What is the primary industry that involves growing crops and raising animals?
What is the primary industry that involves growing crops and raising animals?
In the division of labor, different workers _____ in different production stages.
In the division of labor, different workers _____ in different production stages.
Match the following industries with their types:
Match the following industries with their types:
Which of the following is a disadvantage of division of labor?
Which of the following is a disadvantage of division of labor?
Mechanization is encouraged by the division of labor.
Mechanization is encouraged by the division of labor.
List one advantage of division of labor.
List one advantage of division of labor.
Which of the following indicators measures the average production value in a country during a period of time?
Which of the following indicators measures the average production value in a country during a period of time?
The Human Development Index (HDI) ranges from 0 to 1.
The Human Development Index (HDI) ranges from 0 to 1.
What is the formula for calculating GDP per capita?
What is the formula for calculating GDP per capita?
China’s GDP in 2019 was RMB ______ billion.
China’s GDP in 2019 was RMB ______ billion.
Match the following economic indicators with their definitions:
Match the following economic indicators with their definitions:
Which of the following is a reason why China's GDP per capita is lower than that of developed countries?
Which of the following is a reason why China's GDP per capita is lower than that of developed countries?
Real GDP accounts for inflation by adjusting the production value to current price levels.
Real GDP accounts for inflation by adjusting the production value to current price levels.
In 2019, what was the population size of China?
In 2019, what was the population size of China?
What is a potential consequence of workers only concentrating on one production stage?
What is a potential consequence of workers only concentrating on one production stage?
Greater interdependence in production means disruptions affect multiple stages.
Greater interdependence in production means disruptions affect multiple stages.
What is one notable effect of the division of labor on workers' skills?
What is one notable effect of the division of labor on workers' skills?
The primary industry provides _____ to secondary and tertiary industries.
The primary industry provides _____ to secondary and tertiary industries.
Which is an example of a tertiary industry?
Which is an example of a tertiary industry?
Match the industries with their primary production outputs:
Match the industries with their primary production outputs:
Workers in the division of labor have less risk of unemployment.
Workers in the division of labor have less risk of unemployment.
What type of goods do spinning, weaving, and knitting factories produce?
What type of goods do spinning, weaving, and knitting factories produce?
What type of industry does a supermarket belong to?
What type of industry does a supermarket belong to?
The primary industry has become increasingly important in China's GDP over the years.
The primary industry has become increasingly important in China's GDP over the years.
How does the secondary industry support supermarkets?
How does the secondary industry support supermarkets?
In 2018, the production values of the secondary and tertiary industries accounted for more than _____% of GDP.
In 2018, the production values of the secondary and tertiary industries accounted for more than _____% of GDP.
What challenge does China's agricultural industry face due to urban development?
What challenge does China's agricultural industry face due to urban development?
China's tertiary industry contributes about 59% to its GDP as of 2018.
China's tertiary industry contributes about 59% to its GDP as of 2018.
What is a key reason that economic growth cannot rely solely on the secondary industry in China?
What is a key reason that economic growth cannot rely solely on the secondary industry in China?
Match the following industries with their functions:
Match the following industries with their functions:
Flashcards
Primary Industry
Primary Industry
The extraction of natural resources, such as farming, fishing, and forestry.
Secondary Industry
Secondary Industry
The processing of raw materials into finished goods, like manufacturing and mining.
Tertiary Industry
Tertiary Industry
Providing services like retail, finance, healthcare, and education.
State policy (Service Industry)
State policy (Service Industry)
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Producer Services
Producer Services
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Consumer Services
Consumer Services
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Light Industry
Light Industry
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Heavy Industry
Heavy Industry
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Work Becomes Boring
Work Becomes Boring
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Loss of Job Satisfaction
Loss of Job Satisfaction
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Over-Interdependence
Over-Interdependence
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Greater Risk of Unemployment
Greater Risk of Unemployment
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Interdependence between Industries
Interdependence between Industries
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Division of Labor
Division of Labor
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Right Person, Right Job
Right Person, Right Job
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Practice Makes Perfect
Practice Makes Perfect
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Saving Time on Job Switching
Saving Time on Job Switching
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Reduced Training Time
Reduced Training Time
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Supermarket's Industry
Supermarket's Industry
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Primary Industry and Supermarkets
Primary Industry and Supermarkets
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Gross Domestic Product (GDP)
Gross Domestic Product (GDP)
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Secondary Industry and Supermarkets
Secondary Industry and Supermarkets
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Tertiary Industry and Supermarkets
Tertiary Industry and Supermarkets
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GDP per capita
GDP per capita
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Importance of Secondary and Tertiary Industries
Importance of Secondary and Tertiary Industries
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Value of total exports of goods
Value of total exports of goods
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Real GDP
Real GDP
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Declining Importance of Primary Industry
Declining Importance of Primary Industry
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Human Development Index (HDI)
Human Development Index (HDI)
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Challenges of Continued Industrial Growth
Challenges of Continued Industrial Growth
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China's economic development compared to major developed nations
China's economic development compared to major developed nations
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Potential of the Tertiary Industry
Potential of the Tertiary Industry
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Rate of economic development
Rate of economic development
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What does GDP represent?
What does GDP represent?
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Study Notes
Chinese Economic Indicators
- Three key indicators for measuring China's economic development are:
- Gross Domestic Product (GDP)
- GDP per capita
- Value of total exports of goods
Gross Domestic Product (GDP)
- GDP is the total production value of a country or region during a specific time period.
GDP per Capita
- GDP per capita represents the average production value per person in a country or region during a period.
- Calculated by dividing total GDP by the population size.
- China's GDP per capita in 2019 was RMB 70,714
Value of Total Exports of Goods
- This is the total monetary value of goods exported by a country or region.
Additional Economic Indicators
- Real GDP: Production value adjusted for inflation.
- Human Development Index (HDI): Developed by the United Nations, measures a country's socio-economic development (health, education, and economic performance) on a scale of 0 to 1.
China's Economic Growth
- China's GDP growth in 2019 compared to 2018: 9% increase (from RMB 90,000 billion to RMB 99,000 billion)
- GDP per capita growth in 2019 compared to 2018: 9.2% increase (from RMB 64,644 to RMB 70,714).
Industries in China
- Primary Industry: Extracts natural resources.
- Examples: agriculture, forestry, animal husbandry, fisheries.
- Secondary Industry: Processes raw materials into finished or semi-finished goods. -Examples: manufacturing, electricity, gas, and water supply, construction.
- Tertiary Industry: Provides services. -Examples: retail, finance, real estate, transport, storage, and communication.
- The secondary and tertiary sectors are the most important in China. The primary sector is less important than these two. The tertiary industry is growing rapidly in China.
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Description
Test your knowledge on the key economic indicators that measure China's development, including GDP, GDP per capita, and export values. Understand how these metrics reflect the country's growth and socio-economic performance. Ideal for students and professionals interested in China's economy.
