According to the annual report released by SIPRI, the global military expenditure in 2019 is estimated to be__________?
Correct answer: C. $1917 Billion
- A. $1817 Billion
- B. $1895 Billion
- C. $1917 Billion
- D. $1927 Billion
Explanation
SIPRI estimated worldwide military expenditure in 2019 at about 1,917 billion US dollars, or roughly 1.9 trillion dollars. The figure represented a substantial rise compared with 2018.
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Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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