North America and Europe have less than 12% of the world's population but their share of the worlds private consumption is approximately ?
Correct answer: D. 60%
- A. 30%
- B. 40%
- C. 50%
- D. 60%
Explanation
North America and Europe contain less than one-eighth of the global population but account for roughly 60% of private consumption, illustrating major global inequalities in wealth and consumption.
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