All of the following are reasons why China is unlikely to maintain high enough r
ID: 1202454 • Letter: A
Question
All of the following are reasons why China is unlikely to maintain high enough rates of productivity growth to catch-up with the standard of living in the United States except
a. Because of the low birth rate in China, the labor force will soon decline.
b. The United States invests more in research and development. Than does China.
c. Much of China’s growth is likely due to the transition from a centrally-planned economy to a market economy.
d. The Chinese migration of rural workers to more productive urban jobs.
Explanation / Answer
Option D,
The Chinese migration of rural workers to more productive urban jobs
All the other Option a, b and c is indicator that china is unlikely to maintain enough rates of production. Like declining labor force, not sufficient investment in research and development, transition from centrally planned economy to market economy are the factor that is not let china maintain the consistent growth rate.
The migration of rural worker will increase the productivity of china economy