Economic Development Answers

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Read about the economy in Country A.Based on what you now know, what are at least three factors that demonstrate that Country A has a developing economy?

Answer:

Country A has a low GDP per capita, depends heavily on agriculture and copper mining, and has inadequate infrastructure. It also has slow economic growth, high unemployment, and a low standard of living.

3

Which of these factors did you include? Check all that apply.

A
a low GDP
B
an economy based on agriculture
C
an economy based on a few industries
D
a low standard of living
E
a lack of infrastructure
F
low labor costs
5

Which of these factors is the strongest sign that Country B has a developed economy?

A
Multinational corporations operate within its borders.
B
It is home to many high-tech companies.
C
It has laws favorable to entrepreneurship
D
It has a high gross domestic product.
7

Which factor places this nation in the transitioning category?

A
Multinational corporations operate within its borders.
B
It is shifting from a planned to a free-market economy.
C
It has recently increased trade with Western Europe.
D
It has a rising GDP.
8

Question text not available

Answers:
The single country with the world's largest GDP is .The member countries of the European Union have about the same GDP as .Together, these four countries and the European Union have half of the world':the US
The single country with the world's largest GDP is .The member countries of the European Union have about the same GDP as .Together, these four countries and the European Union have half of the world':the US
The single country with the world's largest GDP is .The member countries of the European Union have about the same GDP as .Together, these four countries and the European Union have half of the world':more than
9

✔ the USChinaJapanIndia

Answers:
The single country with the world's largest GDP is .The member countries of the European Union have about the same GDP as .Together, these four countries and the European Union have half of the world':the US
The single country with the world's largest GDP is .The member countries of the European Union have about the same GDP as .Together, these four countries and the European Union have half of the world':the US
The single country with the world's largest GDP is .The member countries of the European Union have about the same GDP as .Together, these four countries and the European Union have half of the world':more than
10

✔ the USJapanIndia

A
✔ the US
B
Japan
C
India
11

less than✔ more than

A
less than
B
✔ more than

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