Which of the following statements is consistent with data from the World Trade Organization?
A) the volume of world trade has grown faster than the volume of world output since the 1950s.
B) the volume of world trade has grown slower than the volume of world output since the 1950s.
C) the volume of world trade and the volume of world output have grown at approximately the same rate since the 1950s.
D) the volume of world trade and the volume of world output have remained constant since the 1950s.
E) the volume of world trade is inversely related to the growth of world output.

Question

Quizplus · Accepted Answer

According to data from the World Trade Organization, the volume of world trade has grown faster than the volume of world output since the 1950s. This indicates that international trade has been an increasingly important component of the global economy.

Which of the Following Statements Is Consistent with Data from the World