Trade in the Global Economy (HSC SSCE Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the primary purpose of government economic forums?
What is the primary purpose of government economic forums?
To coordinate economic policies
Which countries are members of the G7?
Which countries are members of the G7?
US, UK, France, Germany, Canada, Japan, Italy
When was the G7 established?
When was the G7 established?
1976
How did the G7's share of global GDP change from 1992 to 2023?
How did the G7's share of global GDP change from 1992 to 2023?
Fell from 68% to 43%
What percentage of the world's population do G7 nations represent?
What percentage of the world's population do G7 nations represent?
10%
Approximately what percentage of world GDP does the G20 cover?
Approximately what percentage of world GDP does the G20 cover?
85%
What percentage of the world's population does the G20 represent?
What percentage of the world's population does the G20 represent?
65%
How many national economies does the G20 include?
How many national economies does the G20 include?
19 countries plus the European Union
What major agreement did the G20 achieve in 2021?
What major agreement did the G20 achieve in 2021?
Minimum global corporate tax rate
What is a key structural weakness of the G20?
What is a key structural weakness of the G20?
Lacks permanent leadership and headquarters