Question real per capita gdp in china in 1959 was about 350, Ask an Expert

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Question: Real per capita GDP in China in 1959 was about $350, but it doubled to about $700 by 1978, when Deng Xiao Ping started market reforms.

a. What was the average annual economic growth rate in China over the 20 years from 1959 to 1978?

b. Chinese per capita real GDP doubled again in only seven years, reaching $1,400 by 1986. What was the average annual economic growth rate between 1979 and 1986?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92290187

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