Countries that abandoned the gold standard early in the Great Depression suffered an average decline in production of 3 percent between 1929 and 1934.Countries that stayed on the gold standard until 1933 or later suffered an average decline in production of

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The question states that countries that abandoned the gold standard early suffered an average decline in production of 3%. Therefore, it can be inferred that the countries that stayed on the gold standard until 1933 or later suffered a greater decline in production. The answer choices range from 12% to over 30%, and based on this reasoning, the highest choice seems the most plausible. Furthermore, historical data supports this conclusion as countries such as the United States that stayed on the gold standard until 1934 experienced a decline in production of over 30% during the Great Depression.

Countries That Abandoned the Gold Standard Early in the Great