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What is the approximate value of the world economy at the beginning of the 21st century?

1. 10 trillion
2. 23 trillion
3. 60 trillion
4. 72 trillion

Answer :

Final answer:

The world economy at the beginning of the 21st century had grown substantially, approaching or exceeding $72 trillion, as evidenced by the near doubling of global GDP from $34.6 trillion in 2002 to $76 trillion by 2016. The correct option is d.

Explanation:

This rapid growth rate raises questions about the sustainability of this kind of economic development and its potential environmental impacts, such as increased CO2 emissions and water pollution.

It's noteworthy that economic growth varies dramatically by location and time, with countries experiencing different rates of growth.

Referring to the options provided in the question, none of them directly corresponds to the data given, which suggest that the global economy had exceeded $80 trillion a year in goods and services later in the 21st century.

Therefore, based on the provided information, the correct estimate closest to the early 21st century would be the highest given option, which is $72 trillion economy. The correct option is d.

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