What Percentage of World Trade Is Represented by Manufactured Products

question 32

Multiple Choice

What percentage of world trade is represented by manufactured products?

• A)66.5%
• B)22.5%
• C)8)5%
• D)75.5%

---

Definitions:

Good and Service

Products that satisfy human wants directly (goods) or indirectly (services).

Hyperinflation

An extremely high and typically accelerating rate of inflation, often exceeding 50% per month, leading to a rapid erosion of the real value of the local currency.

Recession

A significant decline in economic activity across the economy, lasting for months or years, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Prosperous

Characterized by financial success and good fortune; denoting a state of economic well-being and growth.