CA CPT Exam > CA CPT Questions > At the time of Great Depression of 1930s, the...
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At the time of Great Depression of 1930s, the global GDP fell by around _____
- a)12%
- b)14%
- c)15%
- d)10%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
At the time of Great Depression of 1930s, the global GDP fell by aroun...
The Great Depression of the 1930s was a severe worldwide economic depression that lasted from 1929 to the late 1930s. During this period, there was a significant decline in economic activity, and many countries experienced high levels of unemployment and poverty. The global GDP also fell during this time.
Explanation:
• The global GDP fell by around 15% during the Great Depression of the 1930s.
• The depression began with the stock market crash of October 1929, and it quickly spread to other countries.
• Many factors contributed to the Great Depression, including overproduction, an unequal distribution of wealth, and a decline in consumer spending.
• As businesses failed and unemployment rose, the global economy contracted, leading to a decline in GDP.
• The Great Depression was one of the most significant economic downturns in modern history, and it had long-lasting effects on global politics and economics.
Conclusion:
In conclusion, the global GDP fell by around 15% during the Great Depression of the 1930s. This period was characterized by high levels of unemployment, poverty, and economic contraction, and it had a significant impact on global politics and economics.
Explanation:
• The global GDP fell by around 15% during the Great Depression of the 1930s.
• The depression began with the stock market crash of October 1929, and it quickly spread to other countries.
• Many factors contributed to the Great Depression, including overproduction, an unequal distribution of wealth, and a decline in consumer spending.
• As businesses failed and unemployment rose, the global economy contracted, leading to a decline in GDP.
• The Great Depression was one of the most significant economic downturns in modern history, and it had long-lasting effects on global politics and economics.
Conclusion:
In conclusion, the global GDP fell by around 15% during the Great Depression of the 1930s. This period was characterized by high levels of unemployment, poverty, and economic contraction, and it had a significant impact on global politics and economics.
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At the time of Great Depression of 1930s, the global GDP fell by aroun...
The great depression of 1930 occurred between 1929 and 1932. Global GDP fell by around 15%
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At the time of Great Depression of 1930s, the global GDP fell by around _____a)12%b)14%c)15%d)10%Correct answer is option 'C'. Can you explain this answer?
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