Which of the following statements about the middle class in emerging economies is accurate?
A)By 2030,two-thirds of the world's middle class will reside in the United States.
B)Estimates suggest that 20 percent of world growth over the next few years will come from emerging markets.
C)Many countries such as China and India have become more suspicious of foreign investment and free trade.
D)Once known only for cheap labor,many countries with emerging economies are now seen as promising markets.

Question

Which of the following statements about the middle class in emerging economies is accurate?
A)By 2030,two-thirds of the world's middle class will reside in the United States.
B)Estimates suggest that 20 percent of world growth over the next few years will come from emerging markets.
C)Many countries such as China and India have become more suspicious of foreign investment and free trade. 
D)Once known only for cheap labor,many countries with emerging economies are now seen as promising markets.

Quizplus · Accepted Answer

Emerging economies have transitioned from being primarily sources of cheap labor to becoming promising markets due to their growing middle classes and increasing consumer spending power.

Which of the Following Statements About the Middle Class in Emerging