Economic Development Answers

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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

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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

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