ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not a characteristic of a least-developed economy?
A
most workers are in the tertiary sector
B
a very low GDP per capita
C
a lack of basic resources
D
a high level of poverty
Explanation: 

Detailed explanation-1: -It is characterized by outdated technology, unemployment, low per capita income. Among the given options low growth rate of population is not a characteristic of under developed economy.

Detailed explanation-2: -Answer and Explanation: The correct option is e. High productivity. LDCs typically have a low level of education.

Detailed explanation-3: -Several characteristics define a country as less developed. Still, some of the most common ones include high levels of poverty and low per capita income, lack of or shortage of capital, high population levels, and massive unemployment levels.

Detailed explanation-4: -The correct option is B Low population growth rate.

Detailed explanation-5: -The correct answer is: (c) Lower ratio of exports to GDPs compared to advanced nations. Explanation: Developing countries differ from developed countries because: These countries generally have greater income inequality problems.

There is 1 question to complete.