Which of the following statements pertaining to the changing demographics of world GDP and trade from 1963 to 2006 is not true?
A)As emerging economies continue to grow,a relative decline in the share of world output and world exports accounted for by the U.S.seems unlikely.
B)Forecasts predict a rapid rise in the share of world output accounted for by some developing nations.
C)A decline in the share enjoyed by rich industrialized countries such as Great Britain,Germany,Japan,and the U.S.is likely.
D)If current trends continue,the Chinese economy could be larger than that of the U.S.on a purchasing power parity basis.

Question

Quizplus · Accepted Answer

This statement is not entirely true. While a complete decline in the share of world output and exports accounted for by the U.S. may not happen, there may be a relative decline as emerging economies continue to grow.

Which of the Following Statements Pertaining to the Changing Demographics