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In the sentence “It’s estimated that 70-75 percent of the world’s English speakers are ...

In the sentence “It’s estimated that 70-75 percent of the world’s English speakers are non-native.” (lines 25-27), the ’s in It’s and the ’s in world’s represent, respectively, the


A

genitive case and the contraction of is.


B

contraction of is and the genitive case.


C

contraction of has and the genitive case.


D

contraction of is and the abbreviation of is.