Which of the following countries do geographers predict will be among the largest industrial economies by 2050?

a blank world map with the following marks: i over spain, ii over china, iii over egypt, iv over russia, and v over chile
public domain

ii only
ii and iv only
iii and v only
i, ii, and iv only
i, iii, and v only

The correct answer is II. The country that geographers predict that will be among the largest industrial economies by 2050 is China.

Explanation:

The economy of the People's Republic of China is today a market economy, as a result of years of transformations starting from 1992. The country's GDP has grown by an average of 10% in the past 30 years, transforming China from a backward agricultural economy into a world industrial and economic power. China is also the largest exporter in the world, with the United States, while it is the second largest importer after the latter.

The country's economic growth has been accompanied by profound institutional changes and economic reforms, which have allowed the country to transition from a planned economy on the Soviet model to a freer economy and in many aspects of the market. The Chinese economy is still experiencing a moment of transition and massive change. The complete eradication of poverty, the decrease in social inequality, the solution of environmental problems are immense challenges, defined by the President of the People's Republic of China Xi Jinping as part of the Chinese dream, a new slogan that has become part of Chinese socialist jargon.

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