Question

Which of the following statements about global economic growth is NOT true?

Group of answer choices

In 2010 it was noted that, globally, banks faced a "wall" of maturing debt.

The economic struggles of large economies impact the global economy more than those of small economies.

The credit crisis started in 2008 and increased in 2009.

From 1980 to 2012 China has had the largest economy and rate of expansion.

Answer 1

(Q)

So its a subjective question and if we will look carefully then we can say definitely on an average china has the highest rate of expansion between 1980 tp 2012 but it is not one of the most largest economies in the world and even during that time most of the country is following licensed system but even if we will ignore this the benefits of china growth are one of the most important driving force for many Asian countries thus definitely they have played an important role in the world economic growth, and similarly as we all know all the crisis of 2008-09 and it mainly occurs due to irregularities in the financial market thus it also has an impact on the economic growth of the world but if we look on first option then we will find that the affect from these financial shocks are only limited to a certain time and only for a specific industry in a country and thus they dont have that much effect on world economic geowth.

Answer - In 2010 it was noted that, globally, banks faced a "wall" of maturing debt