Which of the following is true?
i. The advanced economies account for more than half of global production.
ii. Almost four out of every five people in the world live in the developing economies.
iii. In the advanced economies, agriculture accounts for a larger part of total production than in the developing economies.

Question

Quizplus · Accepted Answer

i. The advanced economies do indeed account for a significant portion of global production, often more than half, due to their high levels of productivity and technological advancement. ii. The majority of the world's population lives in developing economies, which aligns with the statement that almost four out of every five people live in these areas, reflecting the global population distribution. iii. This statement is incorrect; in advanced economies, agriculture typically accounts for a smaller portion of total production compared to developing economies, where a larger proportion of the population may be engaged in agriculture and related activities.

Which of the Following Is True