Which of the following has seen a positive change from 1960 to 2012?
A)Growth of the centrally planned economies of the communist world
B)U.S. position in the world economy and world trade picture
C)The share of world output enjoyed by rich industrialized countries such as Great Britain, Germany, and Japan
D)The share of world output accounted for by developing nations
E)Prevalence of independent and self-contained national economies

Question

Quizplus · Accepted Answer

Most forecasts now predict a rapid rise in the share of world output accounted for by developing nations such as China, India, Russia, Indonesia, Thailand, South Korea, Mexico, and Brazil, and a commensurate decline in the share enjoyed by rich industrialized countries such as Great Britain, Germany, Japan, and the United States.

Which of the Following Has Seen a Positive Change from 1960