Which of the following ranges best identifies the amount of wealth that the British Empire extracted from India? (1 point)
A. 40-50 trillion
B. 5-15 trillion
C. 100 billion
D. 20-30 trillion
D. 20-30 trillion
The correct answer is B. 5-15 trillion.
To determine the amount of wealth extracted by the British Empire from India, you need to consider historical data and economic research. Let's analyze the given options to find the best range.
A. 40-50 trillion: This range seems too high considering the estimated combined GDP of all countries in 2019 was around $87 trillion. Thus, it is unlikely that the British Empire extracted such an enormous amount from India.
B. 5-15 trillion: This range also appears excessively high, considering the economic disparity between the British Empire and India during that time. Moreover, it exceeds the GDP of many modern-day countries, making it improbable.
C. 100 billion: While this amount may seem comparatively lower than the previous options, it is essential to consider the timeframe. The British Empire colonized India for approximately 200 years, from the 18th to the 20th century. Thus, 100 billion seems insufficient to encompass the wealth extracted during this prolonged period.
D. 20-30 trillion: This range seems the most plausible of the options provided. Though it may still be challenging to accurately quantify the exact amount of wealth extracted, this range aligns more closely with historical estimates and analyses conducted by economists.
Therefore, the best range that identifies the amount of wealth the British Empire extracted from India is likely option D, 20-30 trillion. However, it is worth noting that this is an estimate, and more in-depth research can provide a more precise figure.