Answer: Trade increases create higher GDP percentage rates.
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The graph below shows global trade and percentage of GDP.What conclusion should be drawn from the graph?
The Kuznets curve (/ ˈ k ʌ z n ɛ t s /) expresses a hypothesis advanced by economist Simon Kuznets in the 1950s and 1960s. According to this hypothesis as an economy develops market forces first increase and then decrease economic inequality.The Kuznets curve appeared to be consistent with experience at the time it was proposed. However since the 1960s inequality has risen in the US and ...
Per capita GDP growth in the post-1980 globalizers accelerated from 1.4 percent a year in the 1960s and 2.9 percent a year in the 1970s to 3.5 percent in the 1980s and 5.0 percent in the 1990s. This acceleration in growth is even more remarkable given that the rich countries saw steady declines in growth from a high of 4.7 percent in the 1960s ...
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Tue May 12 2020 · The ILO estimates global unemployment t...
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