Asked by
Damon Rizzo
on Oct 12, 2024
Verified
Statement I.Since less developed countries have very low per capita GDPs,it is hard to build capital by consuming less.
Statement II.The populations in less developed nations are growing more rapidly than those of the industrial nations.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Per Capita GDPs
The average economic output per person, calculated by dividing the Gross Domestic Product of a country by its total population.
Less Developed Countries
Nations with low levels of economic resources, industrialization, and Human Development Index ratings compared to other countries.
- Identify the expansion rates and obstacles encountered by less developed countries (LDCs).
- Analyze the economic implications of high military spending in less developed nations.
Verified Answer
MD
Learning Objectives
- Identify the expansion rates and obstacles encountered by less developed countries (LDCs).
- Analyze the economic implications of high military spending in less developed nations.