Which of the following countries has seen a relative decline in its share of wor

Question

Which of the following countries has seen a relative decline in its share of world output between 1960 and 2014? Select one: A. United States B. South Korea C. Brazil D. China E. Thailand Which of the following countries has seen a relative decline in its share of world output between 1960 and 2014? Select one: A. United States B. South Korea C. Brazil D. China E. Thailand Which of the following countries has seen a relative decline in its share of world output between 1960 and 2014? Select one: A. United States B. South Korea C. Brazil D. China E. Thailand

Explanation / Answer

Ans.

A. United States

In 1960 , United States economy had 40% share of world's output. However, by 2014 there was relative decline in its share of world's GDP that is only to 22% share. That menas there has been almost 50% decline in relative share of world output.

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