Economics WAEC

Which of the following is not a characteristic of a developing country? High

A. real per capita income
B. level of primary production
C. population growth rate
D. level of illiteracy

Correct Answer: Option A

A. real per capita income

Explanation

Common Characteristics of Developing Economies

  • Low per capita real income.
  • High population growth rate/size.
  • High rates of unemployment.
  • Dependence on the primary sector.
  • Dependence on exports of primary commodities.
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