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WAEC - Economics (2014 - No. 15)

Which of the following is not a characteristic of a developing country? High
real per capita income
level of primary production
population growth rate
level of illiteracy

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Common Characteristics of Developing Economies

  • Low per capita real income. 
  • High population growth rate/size.
  • High rates of unemployment.
  • Dependence on primary sector. 
  • Dependence on exports of primary commodities.

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