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Once Seen as a Dynamic Economic Powerhouse, Japan Has Been

Question 21

Multiple Choice

Once seen as a dynamic economic powerhouse, Japan has been, since the 1990s, mired in a lingering economic recession. This has resulted in


A) a chronic budget deficit and growing national debt.
B) the government budget growing at a rate faster than the national economy.
C) government efforts to increase revenue such as raising the rate of the value added tax.
D) a sharp decline in the level of official development assistance ("foreign aid") by the government.
E) all of these.

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