By what factor did GWP increase compared to the 1950s level?

The increase in Global Wealth Product (GWP) by a factor of 10 compared to the 1950s level reflects significant economic growth and development that occurred over the decades. This growth can be attributed to a variety of factors, including technological advancements, globalization, and changes in production processes that have enhanced productivity and efficiency.

During the 1950s, many economies were recovering from the impacts of World War II, which laid the groundwork for subsequent industrialization and economic expansion. As nations invested in infrastructure, education, and technology, their GWP grew substantially. By the time we reach recent years, average incomes have risen, trade has expanded significantly, and many countries have transitioned from primarily agrarian economies to more industrialized and service-oriented ones.

The choice indicating a 10-fold increase accurately captures this transformative economic growth in the global context, illustrating how wealth generation has amplified over multiple decades.