Which of the following statements reflects the changing demographics o

QUESTION

Which of the following statements reflects the changing demographics of the global economy?

A. U.S. dominance in export markets has waned as Japan, Germany, and a number of newly industrialized countries have taken a larger share of world exports.

B. The change in the position of the United States in terms of the share of world output is the result of the absolute decline in the health of the U.S. economy.

C. From 1960 to 2010, countries that experienced a large decrease in their share of world output include Japan, Thailand, Malaysia, Taiwan, and South Korea.

D. The United States is the only developed nation to see its relative standing in the share of world output slip.

E. Today, roughly half the globe—the centrally planned economies of the communist world—is off-limits to Western international businesses.

ANSWER

A
Over the past 30 years, U.S. dominance in export markets has waned as Japan, Germany, and a number of newly industrialized countries such as South Korea and China have taken a larger share of world exports.