China has experienced levels of economic growth in the last decade that have been about 5 times

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China has experienced levels of economic growth in the last decade that have been about 5 times that of the United States (10% versus 2% per year in the United States). Has China’s high growth rate eliminated scarcity in China?

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Core Macroeconomics

ISBN: 978-1464191435

3rd edition

Authors: Eric Chiang

Question Posted: Dec 08, 2015 05:43 AM

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China has experienced levels of economic growth in the last decade that have been about 5 times

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No Scarcity still exists in China Growth alone does not eliminate sc...View the full answer

Core Macroeconomics

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