Question

What did globalization do at the same time it increased the global GDP?

Responses

widened the income gap between rich and poor countries

widened the income gap between rich and poor countries

led to smaller profits for businesses

led to smaller profits for businesses

reduced both prices and wages

reduced both prices and wages

led to runaway unemployment in developed countries

Answer 1

Globalization, while contributing to increased global GDP, also **widened the income gap between rich and poor countries**. This trend is notable as the benefits of globalization have often disproportionately favored wealthier nations and their populations, leading to increased inequality both within and between countries. The other responses, such as smaller profits for businesses, reduced prices and wages, and runaway unemployment in developed countries, may occur in specific contexts but do not universally represent the overall impact of globalization on the global economy.