Characteristics and Institutions of Developing Countries
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- Characteristics and Institutions of Developing Countrieseconomics-mcqs › characteristics-and-institutions-of-developing-countries
- Published
- 2 Jun 2019
- Last updated
- 28 May 2026
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Explanation
To find the increase in real income per capita, first calculate the income per person for each year. In 2005, income per capita was $120,000 ÷ 1,000 = $120. In 2006, it was $160,000 ÷ 1,100 ≈ $145.45. The difference is approximately $25, which represents the increase in real income per person.
More Characteristics and Institutions of Developing Countries MCQs
Practice related questions from the same subject.
- 1.What characteristic sets a dual economy apart from other types of economies?
- 2.What defines a dual economy in a country?
- 3.What is the ratio between the population density of developing nations and the total population of developed nations?
- 4.In low-income nations, how much surplus does the typical farming household generate?
- 5.Identify the country from the list below that is classified as a middle-income nation rather than a high-income one.
- 6.Which statements correctly describe clientelism?
- 7.Which of the following statements is NOT true about the informal sector?
- 8.In Lewis’s dual-sector model, under what condition does the dual economy experience growth?
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