2b.3 - On Trend (Economic Growth)

What has caused the most rapid economic change in emerging countries?

• Technological advancements

• Globalisation

• Cultural exchanges

• Political stability

Which of the following is NOT a key economic trend?

• GDP

• Per capita GNI

• Changing importance of economic sectors

• Population growth

Since what year has China seen significant change in key economic trends (e.g. GDP, per capita GNI, changing importance of economic sectors)

• 1980

• 1990

• 2000

• 2010

What attracts Foreign Direct Investment (FDI) into China?

• Cultural exchanges

• Capital investment by TNCs for infrastructure

• Decreased job opportunities

• Reduced manufacturing and production

How does outsourcing and FDI change China?

• Decreases tax revenue

• Reduces skill levels

• Creates jobs and increases skill levels

• Limits government income

What is one of the long-term benefits for China due to FDI?

• The labour force demands lower wages

• Decreased consumer spending power

• Training and education upskills the labour force

• Isolation from new technologies

What is one of the key points that has contributed to the growth of China's economy?

• Decreased foreign investment

• More outsourced foreign TNCs invest

• Reduced employment and income

• Lower taxes paid to government

Which factor is mentioned as a contributor to China's economic growth related to government revenue?

• Lower government spending

• More taxes paid to government

• Decreased infrastructure spending

• Reduced educational investment

How has China's workforce changed to support its economic expansion?

• Workers migrate

• Decreased worker migration

• Reduced workforce competitiveness

• Lower education levels

How has infrastructure been improved as part of China's economic growth?

• Weaker infrastructure

• Better infrastructure (communications / transport)

• Privatization of all infrastructure

• No change in infrastructure