A country is described as developing if
ECONOMICS
WAEC 2023
A country is described as developing if
- A. the income per head is low
- B. the contribution of tertiary sector to national income is high
- C. the population is decreasing
- D. there is low labour supply
Correct Answer: A. the income per head is low
Explanation
A country is described as developing if the income per head is low. A developing country is a country that is in the process of economic development. This means that the country is trying to increase its standard of living and improve the quality of life for its citizens. One of the key indicators of a developing country is the income per head. This is the average income of a person in the country. If the income per head is low, it means that the standard of living in the country is also low.
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