How did the first Five-Year Plan strain China's budget?

a. The government increased spending too fast to modernize its economy.

b. The government decreased spending too fast to modernize its economy.

c. The government had to subsidize its declining agricultural output.

d. The government had to subsidize its declining industrial output.

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Taco

History

4 December, 15:07

How did the first Five-Year Plan strain China's budget?

a. The government increased spending too fast to modernize its economy.

b. The government decreased spending too fast to modernize its economy.

c. The government had to subsidize its declining agricultural output.

d. The government had to subsidize its declining industrial output.

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Answers (1)

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Azul Green · Answer 1

How did the first Five-Year Plan strain China’s budget?

a. The government increased spending too fast to modernize its economy.

The strain on national budget was due to the increase in fiscal expenditure, from 30.2% to 48%, through infrastructure loans.