Since 1950, the volume of world trade and the volume of world real GDP
A) have both increased at roughly the same rate.
B) have both decreased at roughly the same rate.
C) have both increased, but the volume of world trade has increased more slowly than the volume of world real GDP.
D) have both increased, but the volume of world trade has increased faster than the volume of world real GDP.

Question

Quizplus · Accepted Answer

Since 1950, the volume of world trade has increased significantly, often outpacing the growth of world real GDP. This is due to globalization, technological advancements, and the reduction of trade barriers, which have all facilitated a faster increase in trade compared to the overall growth of the global economy.

Since 1950, the Volume of World Trade and the Volume