9
QuizMultiple Choice

Economic Indicators

Question 9 • 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 B is $10,000. The majority of the workforce is in tertiary-sector jobs. What is most likely about Country B’s economic development?

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

Explanation

A majority of workers in tertiary-sector jobs—such as services, healthcare, and education—is a common feature of developed economies. Country B’s GDP per capita of $10,000 is close to the world average of $10,500, so the strong clue is the workforce’s concentration in the tertiary sector. The best answer is A, Country B has a developed economy.

AI-written and checked against the verified answer.

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