The following chart shows world growth in GDP and the real value of exports.
Which of the following statements are correct?
(i) Export growth fluctuates more than GDP growth.
(ii) The average rate of growth in exports from 1955 to 2011 has been higher than the average rate of growth in GDP.
(iii) The years when the rate of growth in GDP is the higher than average tend to be the same years in which the rate of growth in exports is higher than average.
A) (ii) and (iii) only
B) (i) and (iii) only
C) (i) , (ii) and (iii)
D) (i) only
Correct Answer:
Verified
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(i)
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