Question

What effect did rising economies of BRICS have on the global economy?

• A. It helped stabilise the global economy and insulate it from the fallout of the global financial crisis.
• B. Labour became more highly skilled and wages were alarmingly increased, reducing the off-shoring of jobs to developing countries.
• C. Though worldwide poverty rates tumbled, the gap between the rich and the poor in rich economies increased.
• D. The cost of living and level of inflation in these countries were maintained at low levels.
• E. All the given options are effects of the rise in BRIC economies.

Answer 1

The correct option is C

Though worldwide poverty rates tumbled, the gap between the rich and the poor in rich economies increased.

Though worldwide poverty rates tumbled, the gap between the rich and the poor in rich economies increased.