At the time of Great Depression of 1930s the global GDP fell by around ........

Economics- Phase (I & II) Business Cycles

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At the time of Great Depression of 1930s, the global GDP fell by around _____

12%

14%

15%

10%

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Explanation:

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s.Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession.