12
QuizMultiple Choice

Economic Indicators

Question 12 • VT-GA-EOC-Personal Finance & Economics A ULHS

Read the passage below and answer the question that follows. Let’s say the average GDP per capita for the world’s countries is $10,500. The GDP per capita of Country A is $8,000. Most of the workforce is employed in either primary or secondary sector jobs. What is most likely about Country A’s economic development?

Answer
A
Country A has a developed economy.
B
Country A has a developing economy.
C
Country A has a least-developed economy.
D
We can tell nothing about the economic development of Country A.

Explanation

Country A’s GDP per capita is $8,000, below the world average of $10,500. Also, most workers are employed in primary or secondary industries, a pattern commonly associated with developing economies. Therefore, the best answer is B, “Country A has a developing economy.”

AI-written and checked against the verified answer.

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