The United States accounted for a significantly larger share of the wo

QUESTION

The United States accounted for a significantly larger share of the world economy in 2012 than it did in the 1960s.

Indicate whether the statement is true or false.

ANSWER

FALSE
During the 1960s, the United States routinely accounted for 20 percent of world exports of manufactured goods, but the U.S. share of world exports of goods and services had slipped to 8.7 percent by 2012, behind that of China.