Tracking the past millennium, they say, puts the current economic drama into perspective. please identify the inaccurate representation in the following set. A) China alone generated one-third of the world’s gross domestic product in 1820. B) For most of this span, China and India were the world’s two biggest economies C) In 1850, India produced the highest percent of all the goods consumed in the world. D) From 1000 to the mid-1880s, they produced, on average, 70 to 80 percent of world output E) Before the steam engine and the power loom drove the transfer of economic might from Asia to the West, today’s emerging economies dominated world output.
Tracking the past millennium, they say, puts the current economic drama into perspective. please identify the inaccurate representation in the following set. A) China alone generated one-third of the world’s gross domestic product in 1820. B) For most of this span, China and India were the world’s two biggest economies C) In 1850, India produced the highest percent of all the goods consumed in the world. D) From 1000 to the mid-1880s, they produced, on average, 70 to 80 percent of world output E) Before the steam engine and the power loom drove the transfer of economic might from Asia to the West, today’s emerging economies dominated world output.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Tracking the past millennium, they say, puts the current economic drama into perspective. please identify the inaccurate representation in the following set.
A) China alone generated one-third of the world’s gross domestic product in 1820.
B) For most of this span, China and India were the world’s two biggest economies
C) In 1850, India produced the highest percent of all the goods consumed in the world.
D) From 1000 to the mid-1880s, they produced, on average, 70 to 80 percent of world output
E) Before the steam engine and the power loom drove the transfer of economic might from Asia to the West, today’s emerging economies dominated world output.
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