Question

In the past decade, the dollar value of world trade has ______.

Answer 1

Options for this question include:

a. Tripled

b. Remained the same

c. Doubled

d. Declined

___________________________________________________________

World trade has been on the rise in the past decade and as a result, the dollar value of world trade has c. Doubled.

Thanks to more integration, less restrictive government policy, a rise in population and standards of living, world trade has increase over the past couple of decades such that:

• Trade in goods has risen from $10 trillion in 2005 to $18.8 trillion in 2019
• Trade in services has risen from $2.5 trillion in 2005 to $6 trillion in 2019

When looking at the trade of goods, one can see that trade has almost doubled and in the case of services, close to triple.

We can therefore conclude that world trade has doubled in the past decade.

Find out more at brainly.com/question/14276199.