25
QuizMultiple Choice

Unit 4 Test

Question 25 • (OC27) Economics-2102310-Sem-Meadows

Which of the following statements about developed economies is false?

Answer
A
Countries with developed economies are industrialized.
B
Most people work in the primary and secondary sectors.
C
Most people enjoy a high standard of living.
D
GDP per capita is high compared to the countries of the world.

Explanation

In developed economies, most workers are employed in the tertiary sector, which includes services, rather than in the primary and secondary sectors. These economies are industrialized, generally have a high standard of living, and have high GDP per capita. Therefore, the false statement is “Most people work in the primary and secondary sectors.”

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