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Which of the following describe correctly the Group of Seven Countries (G-7)?
- a)They are developing countries
- b)They are industrialised countries
- c)They are holding Atomic Bomb technology
- d)They are countries who can launch their own satellites
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following describe correctly the Group of Seven Countries...
The Group of Seven Countries (G-7) is a group of industrialized countries that meet annually to discuss economic issues. Here are some details about the G-7:
Definition of the G-7
The G-7 is a group of seven industrialized countries that meet annually to discuss economic issues. The group includes the United States, Japan, Germany, France, the United Kingdom, Italy, and Canada.
History of the G-7
The G-7 was formed in 1975 as a response to the economic crisis of the 1970s. The first meeting was held in Rambouillet, France, and included representatives from the United States, Japan, Germany, France, Italy, and the United Kingdom. Canada joined the group in 1976.
Role of the G-7
The G-7 is a forum for discussion and cooperation on economic issues. The group's leaders meet annually to discuss macroeconomic policy, trade, and other economic issues. The G-7 does not have any formal authority or decision-making power, but its recommendations can influence the policies of its member countries.
Economic power of the G-7
The G-7 countries are some of the most powerful economies in the world. In 2019, the G-7 countries accounted for over 40% of global GDP. The G-7 countries are also major players in world trade, accounting for over 30% of global trade.
Conclusion
In conclusion, the correct answer is option B, which states that the G-7 countries are industrialized countries. The G-7 is a group of seven powerful economies that meet annually to discuss economic issues. The G-7 countries are not developing countries, do not hold atomic bomb technology, and do not have the exclusive capability of launching their own satellites.
Definition of the G-7
The G-7 is a group of seven industrialized countries that meet annually to discuss economic issues. The group includes the United States, Japan, Germany, France, the United Kingdom, Italy, and Canada.
History of the G-7
The G-7 was formed in 1975 as a response to the economic crisis of the 1970s. The first meeting was held in Rambouillet, France, and included representatives from the United States, Japan, Germany, France, Italy, and the United Kingdom. Canada joined the group in 1976.
Role of the G-7
The G-7 is a forum for discussion and cooperation on economic issues. The group's leaders meet annually to discuss macroeconomic policy, trade, and other economic issues. The G-7 does not have any formal authority or decision-making power, but its recommendations can influence the policies of its member countries.
Economic power of the G-7
The G-7 countries are some of the most powerful economies in the world. In 2019, the G-7 countries accounted for over 40% of global GDP. The G-7 countries are also major players in world trade, accounting for over 30% of global trade.
Conclusion
In conclusion, the correct answer is option B, which states that the G-7 countries are industrialized countries. The G-7 is a group of seven powerful economies that meet annually to discuss economic issues. The G-7 countries are not developing countries, do not hold atomic bomb technology, and do not have the exclusive capability of launching their own satellites.
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