Which of the following is a true statement?
A) Over the last 60 years, the annual growth rate of economic activity in the world has been about 3.5 percent.
B) Over the last 60 years, the annual growth rate in total global exports has been about 6.2 percent.
C) Over the last 60 years, international trade has grown about twice as fast as overall economic growth.
D) All of the above.

Question

Quizplus · Accepted Answer

All three statements are true. A) The World Bank reports that the annual growth rate of the global economy from 1960-2020 averaged about 3.5 percent. B) According to the World Trade Organization, the annual growth rate of total global merchandise exports from 1960-2019 averaged about 6.2 percent. C) The growth rate of international trade has consistently outpaced overall economic growth, indicating the increasing importance of global trade in the world economy.

Which of the Following Is a True Statement