The correct answer is option 2: i, iii
During the Great Depression:
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The output did not rise by huge amounts (i): In fact, there was a significant decline in industrial output and economic activity, contributing to the severity of the depression.
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Demand for goods was not high (iii): Demand for goods and services plummeted during the Great Depression as consumer spending contracted due to widespread unemployment, reduced incomes, and overall economic uncertainty.
The other options—ii, iv, v—represent events that did occur during the Great Depression:
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Employment levels fell (ii): Unemployment soared to unprecedented levels, with millions of workers losing their jobs as businesses closed and economic activity declined.
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Factories were lying idle (iv): Many factories and industrial facilities operated well below capacity or were forced to shut down completely due to reduced demand for goods and services.
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Workers were thrown out of jobs (v): As mentioned, widespread unemployment characterized the Great Depression, with millions of workers losing their jobs and struggling to find new employment opportunities.
During the Great Depression of 1929 and in following years , the output and the employment levels in the countries of Europe and North America fell by huge amounts. It affected other countries of the world as well. Demand for goods in the market was low, many factories were lying idle, workers were thrown out of jobs. |
