ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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better education
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high levels of technology
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better health
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higher populations
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Detailed explanation-1: -Today, there are about 1.2 billion people living in developed countries and 5.4 in developing countries. By 2050, the number living in developed countries will not have changed but there will be 8 billion in the developing countries.
Detailed explanation-2: -Characteristics of developed countries include: 1) a high per capita income, 2) a diverse industrial mix, including a large services sector; 3) a developed financial system, 4) people having a longer life expectancy at birth, and 5) a well-developed educational system.
Detailed explanation-3: -There are several characteristics that define most LDCs. The most common include high population growth rate, low GDP per capita, and high poverty rates.
Detailed explanation-4: -The developed economies broadly comprise Northern America and Europe, Israel, Japan and the Republic of Korea, as well as Australia and New Zealand.