Which of the Following Is True of Emerging Economies

question 11

Multiple Choice

Which of the following is true of emerging economies?

• A) They grow only their absolute gross domestic product (GDP).
• B) Collectively,they command 48 percent of world trade.
• C) They have uniform high-speed growth.
• D) Collectively,they contribute approximately 90 percent of the global gross domestic product.

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Definitions:

Compounded Annually

A method of calculating interest where the interest rate is applied once per year, adding to the principal sum for the next period.

Equal Annual Payments

Regular payments of the same amount made over a specified period of time.

First Payment

The initial amount paid at the start of a payment plan or schedule, such as for a loan or lease.

Compounded Monthly

Compounded monthly refers to the process of calculating interest on the principal and previously earned interest on a monthly basis.