Japan is a. a middle-income country, and over the past century its rate of econo

Question

Japan is a. a middle-income country, and over the past century its rate of economic growth has been lower than that of the United States. b. a middle-income country, and over the past century its rate of economic growth has been higher than that of the United States. c. an advanced economy, and over the past century its rate of economic growth has been lower than that of the United States. d. an advanced economy, and over the past century its rate of economic growth has been higher than that of the United States.

Explanation / Answer

Option C While it is one of the advanced economies that are considered highly developed, the economy is slow in growth rate and even experienced a negative growth in 1990s. Overall its growth is less than that of the US

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