Which one among the following was major component of global growth between 1991 and 2013?
A. Net exports
B. Final consumption
C. Investment
D. Net savings
Answer:B
Which one among the following was major component of global growth between 1991 and 2013?
A. Net exports B. Final consumption C. Investment D. Net savings
Explanation: Overall, final consumption was the major component of global growth, accounting for nearly 72 per cent of the growth between 1991 and 2013. About one-fourth was accounted for by investment. The average shares of consumption (private and public) and investment in global output during the period were 76.1 per cent and 23.2 per cent respectively.