Asked by Danny Patricola on Apr 29, 2024
Verified
Consider the nations of India, Indonesia, and Japan. Over the past century, which of these three nations has experienced, by far, more rapid economic growth than the other two nations?
Rapid Economic Growth
A period characterized by a significantly faster than average increase in the economy's output, often marked by increased production, investment, and consumer spending.
Nations
Political and geographical entities with sovereign control over a specific territory, recognized by other nations.
Century
A period of one hundred years, often used to denote significant historical periods or group years into manageable segments for analysis.
- Analyze historical economic growth trends among different nations.
Verified Answer
BD
Bradley DeVeauxApr 29, 2024
Final Answer :
Japan's growth rate (2.65 percent per year) easily surpasses the growth rates of India (1.45 percent per year) and Indonesia (1.41 percent per year).
Learning Objectives
- Analyze historical economic growth trends among different nations.