ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Low literacy rates bring more tourism and boost overall development
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The literacy rate has little impact on development of a country
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Well-developed countries tend to have lower literacy rates
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The higher the literacy rate, the more developed a country tends to be
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Detailed explanation-1: -The literacy rate of a country affects its economic development greatly. The more literate citizens a country has, the greater is its economic development. People who are literate can more easily develop skills that will help them in the workplace and will help them find and keep jobs, so they can spend money.
Detailed explanation-2: -The average for 2020 based on 1 countries was 98.59 percent. The highest value was in Spain: 98.59 percent and the lowest value was in Spain: 98.59 percent. The indicator is available from 1970 to 2021. Below is a chart for all countries where data are available.
Detailed explanation-3: -The rise of literacy in early modern Europe was a result of both the formal education of children and the changing reading habits of adults. Different types of texts were used at different times to spur the trend toward literacy.
Detailed explanation-4: -Estonia. Estonia also has a literacy rate of 99.89%. Although most countries’ male population tend to have higher literacy rates than their female counterparts, in Estonia, women have a literacy rate of 99.91% compared with 99.86% in men. Overall, Estonia has seen its literacy rate grow over the past several decades.