Question

"Literature review on the most influential factor influencing China's GDP"?

Answer 1

The most influential factor affecting China's GDP is the combination of increasing worker productivity, deepening capital, and advancing technology, aimed at enhancing GDP per capita and living standards.

Step-by-step explanation:

Exploring the most influential factor affecting China's GDP, we find that the growth of its economy over the past decades is a result of multiple combined forces. Despite the tremendous size of China's economy, evidenced by its ranking as the second largest global economy, the per capita GDP of China is relatively lower compared to other leading economies due to its large population. Nevertheless, policies targeting the increase of worker productivity, deepening capital, and advancing technology are fundamental mechanisms through which China has been striving to increase its GDP per capita, ultimately aiming to uplift the living standards of its 1.4 billion population.

Answer 2

The most influential factor influencing China's GDP is the size of its population. However, this does not mean that most of China's population has a high standard of living. The goal for China is to strive for increased GDP per capita in order to improve overall living standards.

Step-by-step explanation:

The most influential factor influencing China's GDP is the size of its population. China has the largest population in the world, which contributes to the magnitude of its economy. However, this does not mean that most of China's population has a high standard of living. When we consider the per capita GDP, which is calculated by dividing China's GDP by its population, we can see that it is significantly lower than that of countries like Japan and the United States.

The goal for China, as well as other countries, is not just to increase GDP, but to strive for increased GDP per capita in order to improve overall living standards. This can be achieved by implementing policies that increase worker productivity, deepen capital, and advance technology. These factors play a crucial role in promoting economic growth and development.