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Answer :
Final answer:
Global GDP grew by a factor of 2 from 1970 to 2010, increasing from around $20 trillion to approximately $40 trillion.
Explanation:
The growth of the global GDP is a significant measure of economic progress over time. From the provided data, we learn that there was nearly a doubling of global GDP from 2002, which was about $34.6 trillion, to 2016, where it reached approximately $76 trillion. This substantial increase in global production raises questions about sustainability and the impact on the environment, which are overarching themes in the study of social studies and economics. Considering this information, the correct answer to the student's question is option (a), meaning that the global GDP grew by a factor of 2 -- rising from approximately $20 trillion in 1970 to around $40 trillion by the end of 2010.
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Final answer:
Indicating a fourfold increase in global GDP from the 1970s to 2010. This signifies substantial economic growth and highlights the complexity and uneven distribution of global economic development. The correct option is c) 4, $5 trillion, $20 trillion.
Explanation:
The growth of the global GDP over the span of four decades until 2010. Based on the data provided, the correct answer to fill in the blanks would be (c) 4, $5 trillion, $20 trillion. This is because the world's production of goods and services rose from approximately $5 trillion to $20 trillion in that time period. It's crucial to note that global GDP growth is a complex issue influenced by a variety of factors, including technological advancements, political instability, and global trade patterns. The economic growth of each country can greatly vary based on its development strategies, resources, and policies.
Understanding the implications of such growth includes considering whether it represents sustainable development and how it affects global issues like CO2 emissions and water pollution. It is also worth noting that the growth is unevenly distributed, with countries experiencing vastly different rates of growth, which can lead to a range of economic and social outcomes.
