A country experiencing a growth rate of 12% per year can go from being one of the poorest to one of the richest in
A)one generation.In the last couple of decades China's growth rate has been higher than 12%.
B)one generation.However,in the last couple of decades not even China's growth rate has been this high.
C)three generations.In the last couple of decades China's growth rate has been higher than 12%.
D)three generations.However,in the last couple of decades not even China's growth rate has been this high.

Question

Quizplus · Accepted Answer

A growth rate of 12% per year is very high and can result in significant economic progress. One generation is typically considered to be around 20-30 years, so in 2-3 decades, the country can experience a substantial transformation from being poor to rich. China is an example of a country that has experienced rapid economic growth over the past few decades, with an average growth rate of around 10% per year.

A Country Experiencing a Growth Rate of 12% Per Year