SSC
GENERAL ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Globalisation has resulted in
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an increase in Australian trade surpluses.
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an increase in global trade barriers.
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a decline in global extreme poverty.
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a decline in Australian productivity.
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Explanation:
Detailed explanation-1: -As an example of how monetary globalism can lead to increased GDP, we can say that it has a positive effect on income per capita, which lowers poverty rates.
Detailed explanation-2: -Globalisation-in the form of increased economic integration through trade and investment-is an important reason why so much progress has been made against poverty and global inequality over recent decades. Openness to trade and investment flows is a key factor in lifting economic growth.
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