Use the image to answer the question. The New England Colonies’ exports were 44% dried fish and whale oil, 17% livestock, 13% wood products, and 26% other. The Middle Colonies’ exports were 73% grain, 5% iron, 5% wood products, and 17% other. The Southern Colonies’ exports were 48% tobacco, 20% rice, 13% bread, flour, and grain (not rice), 7% indigo, and 12% other. The following percentages of physical wealth are estimates. In the New England Colonies, 75% of wealth came from land value, 15% came from financial assets, 8% came from livestock value, and 2% came from servants and slaves and other assets, totaling £38 (equivalent to $7,900 in 2013). In the Middle Colonies, 50% of wealth came from land value, 30% came from financial assets, 15% came from livestock value, and 5% came from servants and slaves and other assets, totaling £51 (equivalent to $10,608 in 2013). In the Southern Colonies, 40% of wealth came from land value, 10% came from financial assets, 5% came from livestock value, 44% came from servants and slaves, and 1% came from other assets, totaling £137 (equivalent to $28,502 in 2013). Question Use the image to answer the question. What can you infer about the Southern economy based on this chart? (1 point) Responses The Southern Colonies’ land was worth more because of the rich soil. The Southern Colonies’ land was worth more because of the rich soil. The Middle Colonies grew more products than the Southern Colonies. The Middle Colonies grew more products than the Southern Colonies. The Southern Colonies’ greatest export was tobacco. The Southern Colonies’ greatest export was tobacco. The New England Colonies were wealthier than the Middle and Southern Colonies. The New England Colonies were wealthier than the Middle and Southern Colonies.

The Southern Colonies’ greatest export was tobacco.