asked 43.3k views
5 votes
Which country experienced the greatest growth rate in gross domestic product between 2000 and 2006?

a) China
b) United States
c) Japan
d) Germany

1 Answer

4 votes

Final answer:

Between 2000 and 2006, China experienced the greatest growth rate in GDP. The rapid growth was influenced by industrialization, exports, investment and sizable population, with a per capita growth rate of 9% annually in the early 2000s.

Step-by-step explanation:

The country that experienced the greatest growth rate in gross domestic product (GDP) between 2000 and 2006 was China. During this period, China saw its economy surge forward at a remarkable pace. According to historical data, China's economic growth was powered by a combination of extensive industrialization, exports, and investments. This growth was underpinned by the nation's large population and substantial economic reforms that began in the late 20th century.

China's GDP growth was part of a broader trend observed in several Asian economies, including Japan, South Korea, and Taiwan, that achieved high growth rates in the latter half of the 20th century and into the 21st century. Rapid growth in these nations is often attributed to factors like technological advancements, increased productivity, and improved governance and market institutions. This allowed them to catch up with western economies that had benefited from earlier industrial revolutions.

Thus, the answer to the question is a) China, which had a per capita rate of 9% per year from 1984 into the 2000s. This growth was in stark contrast to the growth rates of the United States, Germany, and Japan during the same time frame, solidifying China's position as a rapidly growing economic power.

answered
User Conorsch
by
8.1k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.