Which of the following accounts for about 55 percent of the world's GNP and 49 percent of world trade?
A) NAFTA
B) APEC
C) ASEAN
D) EFTA

Question

Quizplus · Accepted Answer

APEC (Asia-Pacific Economic Cooperation) accounts for about 55 percent of the world's Gross National Product (GNP) and 49 percent of world trade. The other options, NAFTA (North American Free Trade Agreement), ASEAN (Association of Southeast Asian Nations), and EFTA (European Free Trade Association) represent a smaller portion of the world's GNP and trade.

Which of the Following Accounts for About 55 Percent of the World's