2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$5 Billion
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$5 trillion
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$5 Million
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$10 trillion
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Detailed explanation-1: -“The G20 is home now to 89% of all the billionaire wealth in the world – at around $10 trillion.
Detailed explanation-2: -The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.
Detailed explanation-3: -The objectives of the G20 are: a) Policy coordination between its members in order to achieve global economic stability, sustainable growth; b) To promote financial regulations that reduce risks and prevent future financial crises; and c) To create a new international financial architecture.
Detailed explanation-4: -Together, the G20 members represent 85% of global GDP, 75% of international trade and two-thirds of the world’s population. Because of its size and strategic importance, the G20 has a crucial role in setting the path for the future of global economic growth.