43
QuizLong Text

Unit 4 Test

Question 43 • (OC27) Economics-2102310-Sem-Meadows

Using complete sentences, explain the differences between developed and developing countries in the following areas: GDP per capita, the dominant sector(s) in the economy, and the standard of living for most of the people in the country.

Answer

Answer:

Developed countries generally have a higher GDP per capita than developing countries. Their economies tend to be dominated by the tertiary (service) sector and advanced manufacturing, while developing countries often rely more on primary-sector activities such as agriculture and resource extraction. Most people in developed countries tend to have a higher standard of living, with better access to services and goods, while people in developing countries are more likely to have lower incomes and less access to healthcare, education, and other resources.

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