When world GDP (2009)is calculated by converting each nation's GDP into a common currency using market exchange rates,world output by low- and middle-income economies account for:
A) 17 percent.
B) 29 percent.
C) 58 percent.
D) 67 percent.

Question

Quizplus · Accepted Answer

According to the World Bank, low- and middle-income economies account for 29 percent of world GDP when using market exchange rates.

When World GDP (2009)is Calculated by Converting Each Nation's GDP