Question

The graph below shows global trade and percentage of GDP. A bar graph titled Global Trade, percent of G D P is shown. The x axis shows years and the y axis shows percent of G D P, from 0 to 100. 1980, 40; 1990, 40; 2000, 48; 2011, 59. What conclusion should be drawn from the graph? Trade has minimal impact on GDP. Trade increased between 1980 and 1990. Trade between nations declined between 1990 and 2000. Trade increases create higher GDP percentage rates.

Answer 1

Concerning the bar graph titled Global Trade in which x axis shows years and the y axis shows percent of G D P, from 0 to 100. 1980, 40; 1990, 40; 2000, 48; 2011, 59. The conclusion that is drawn from the graph is that Trade increases create higher GDP percentage rates. The Option D is correct.

What is gross domestic product?

In economic, gross domestic product refer to total monetary value of all the finished goods and services produced within a country’s borders in specific time period. As broader measure of domestic production, it functions as comprehensive scorecard of a given country’s economic health.

The calculation of a country's gross domestic product (GDP) encompasses all the private and public consumption, government outlays, investments, additions to private inventories, paid-in construction costs and the foreign balance of trade. Of all the components that make up GDP, the foreign balance of trade is especially important.

Read more about gross domestic product

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