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Updated on: 16 Nov 2023, 10:04
Originally posted by Sajjad1994 on 01 Nov 2019, 03:28.
Last edited by BottomJee on 16 Nov 2023, 10:04, edited 2 times in total.
Last edited by BottomJee on 16 Nov 2023, 10:04, edited 2 times in total.
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Dropdown 1: 1982
Dropdown 2: 9
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
12% (02:35) correct
88%
(02:41)
wrong
based on 216
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From each drop-down menu, select the option that creates the most accurate statement about GDP worldwide based on the information provided. A decline in GDP in all 4 world regions strongly suggests an overall world recession rather than a simple structural economic change in any one country.
1. The graph suggests that the world most likely experienced a worldwide recession around the year .
2. From the year when North America and Europe experienced the largest difference in GDP. it took years for the laggard among the two to catch up to the other one's level of GDP from that year.
Attachment:
Graph.jpg [ 42.59 KiB | Viewed 4089 times ]
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Official Answer
Dropdown 1: 1982
Dropdown 2: 9
03 Nov 2019, 01:44
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For Q1, in 2008, all 4 are showing great dip in GDP and in 1982 NA & Europe struggled with declined GDP.
I think 2008 should be the answer. Why it is 1982!
Please explain.
We are talking about worldwide recession, not about largest recession in one.
I think 2008 should be the answer. Why it is 1982!
Please explain.
We are talking about worldwide recession, not about largest recession in one.
03 Nov 2019, 02:01
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gvij2017
If you take a closer look you will find that in 2008 there was no recession in Latin America and Soviet Union rather the situation was reversed in these two regions. While in 1982 all four region faced recession.
