Consider the following statements about the Group of Seven (G7):
1. The G7 consists of seven developed countries: the United States, Japan, Germany, the United Kingdom, France, Italy and Russia.
2. Decisions are made on the basis of consensus and are politically, rather than legally binding.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2