The percentage of people around the world who lived in cities in 2005 is approximately________________?
Correct answer: B. 49 percent
- A. 20 percent
- B. 49 percent
- C. 50 percent
- D. 80 percent
Explanation
By 2005, approximately 49 percent of the world’s population lived in urban areas, making 49 percent the closest figure. Global urbanization crossed the 50 percent mark only later, around 2007.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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