This problem has been solved! High inequality of income and wealth is another common feature of underdeveloped countries. For example the main exports products of Pakistan are rice, cotton yarn, fish and garments etc. Long Answer Type Questions: Question 1. The characteristic of developed nations: 1. Such countries are characterized by an increased economic growth rate, a robust political system, rapid population growth and urbanization, and free trade policies. The characteristics of developing countries are stated in the following: Low per capita income: Per capita income is very low in developing countries. Characteristics of a developing country: A country in which the capital is low in relation to its population and natural resources is called an underdeveloped (developing) country. The following list, including the Four Asian Tigers and new Eurozone European countries, were historically considered developing countries and regions until the 1990s, and are now listed as advanced economies (developed countries and regions) by the IMF. Characteristic # 1. A. people are resistant to change. Low per capita income The per capita income of underdeveloped countries is very low compared to that of the developed countries. Growth in Egypt, Poland, India, and Malaysia, was 4% or more. Norway has an HDI of 0.954, making it a "very high development" country. importation blockade trade … Which of the following is not a characteristic of a least-developed economy? Countries deemed more developed than LDCs are called developed countries, while those less developed are known as less economically developed countries (LEDCs) or frontier markets. This differentiation of countries, as developed and developing, is used to classify countries according to their economic status based on per capita income, industrialization, literacy rate, living standards, etc. sramedeles. Question: Identify Whether Each Of The Following Factors Is More Likely To Be A Characteristic Of A Less-developed Country (LDC) Or An Industrially Advanced Country (IAC). Low corruption 5. According to the UN Development Report, Norway is the most developed nation in the world. c. a highly educated population. C) Over half of the labor force in agriculture. Which of the following is a characteristic of a less developed country: a. Unemployment Problem 7. Further, in India, the population density was 412 per square kilometer (in 2010). Norway. The classification of countries is based on the economic status such as GDP, GNP, per capita income, industrialization, the standard of living, etc. This makes it an underdeveloped economy. Mainly urban citizens 6. Norway is a highly developed country and typically has a world GDP ranking in the top 30, with a 2014 GDP at $500 million in 2014. In 2019, the economic growth of most developed countries, such as the United States, Germany, Mexico, and Japan, was less than 3%. United States Canada Australia Mexico << 4. Democratic Republic of Congo: This country has an HDI score of 0.433 and a life expectancy of 58.7 years. High standard of living 2. The population growth in developed countries is usually zero or negative. The following points highlight the fourteen basic characteristics of underdeveloped countries. d. an emphasis on agriculture and mining. Lack of Capital Formation 4. Developed & Developing Countries Review (3A) 24 Terms. Which of the following is NOT a characteristic of a developed country? Which of the following is a characteristic of a ‘developed’ country? According to Wikipedia, “A developed country or "more developed country" (MDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less developed nations. Developed countries invest … 11) A) high life expectancy B) an income distribution that is very close to being equal C) a high per capita GNP D) low infant mortality rates Answer: B 12) Characteristics of economic development include all of the following EXCEPT 12) A) a decrease in the percentage of the labor force in urban areas. Sometimes they are often called underdeveloped economics. B) High unemployment. Which of the following is a characteristic of a developed country? According to political scientists and economists, a newly industrialized country (NIC) is a country whose economic status is above that of a developing country but below that of a developed country. The affected country portrays the following characteristics: 1. D. there is little need for medical facilities. Free. B. people have political freedom. Advanced public transportation 7. A. most workers are in the tertiary sector B. a very low GDP per capita C. a lack of basic resources D. a high level of poverty 2 See answers Brainly User Brainly User A. This low per capita income reflects the low standards of living in these countries. Demographically speaking, India has a high density of population with high infant mortality rates and comparatively lower life expectancy as compared to the developed countries. The economies of these two countries are one major characteristic that set them apart. High GDP per capita 4. Developing countries are also called poor countries. D) Low savings and investment rates. Characteristics of LDCs Exports of Primary Goods: The primary and agricultural products are the main exports of these countries. The following list is the top 10 countries on that list: Norway; Switzerland; Ireland; Germany; Hong Kong, China; Australia; Iceland; Sweden; Singapore; The Netherlands; 1. Wissenschaften und die Technologie das Essen 21 Terms. 1.A developed country is a country that has a high level of industrialization and per capita income while a developing country is a country that is still in the early stages of industrial development and has a low per capita income. Developing countries, less-developed countries (LDCs), or emerging markets have lower ratings based on these statistical criteria. Low unemployment rate d. Low literacy rate Weegy: elow are a set of sample test questions taken from previous exams in Development Economics 339.The … Students spend an average of 2.8 years in school and the country has a GDP PPP of $1,501. Health and educational opportunities are limited for most people B. See the answer. Multiple Choice . Mass Poverty 3. Norway's per capita GDP is … 2. Countries are divided into two major categories by the United Nations, which are developed countries and developing countries. These terms have been the subject of criticism, but they remain … 13. Add your answer and earn points. What is it called when countries block the importation of certain products into their country? C. farmers institute new farming techniques. Low per capita income and slow growth rate of per capita income are characteristics of these countries. Another common characteristic of developing countries is that they either have high population growth rates or large populations. Less-developed countries (LDC) are low-income countries that face significant structural challenges to sustainable development. Human Development Index 12 Terms. In the less developed countries, there are a lot of restrictions and citizens cannot do whatever they like freely. Common characteristics of economically less developed countries. 11) Which of the following is NOT a characteristic that is associated with developed countries? China and Vietnam saw their economies grow by around 6% to 7%. The Gambia: This is one of the least developed countries in the world with an HDI score of 0.441 and a life expectancy of 64.1 years of age. A developed country has freedom for its citizens and respects the law. Low poverty 8. b. poor housing and health care. Unexploited Natural Resources and Others. According to the UN criteria, countries with less than $400 level of per capita income countries are designated as low income countries and countries with less than $750 per capita income as called less developed economics. _____ refers to an increase in average prices for goods and services in a country. Economies based on agriculture C. Economies based on manufacturing and service industries D. Rapid economic growth Most of the GDP came from the industry sector 3. Of the following characteristics, a less-developed country is least likely to have a. low economic wealth. What is meaning of Age Structure of population? Show transcribed image text. German Interpretive Reading and Listening … Rapid social change leads to the third characteristic, which is high volatility. Agricultural Backwardness 6. A. low level of education. Q 17 Q 17. In these countries, large percentage of national income is shared by a small segment of the society while a large segment of the society gets barely enough to survive. Between developed and developing countries, one can identify a variety of differences. Unlock to view answer. A) High rates of illiteracy. Some of the characteristics are: 1. The international trade. High per capita GDP c. Stable exchange rate b. The developed countries having low birth and death rates come under this category which shows the pyramid of narrow base and a tapered top. OTHER SETS BY THIS CREATOR. hannah_darden7. Syllabus: Explain, using examples, that economically less developed countries share certain common characteristics (noting that it is dangerous to generalize as there are many exceptions in each case), including . low life expectancy << high literacy rates many educated people low unemployment 5. Which of the following is not a characteristic of less-developed countries? Low unemployment rate d. Low literacy rate 1 See answer ealic2AjaRro1berth is waiting for your help. Demographic Characteristics. brezelfrau1219 . Which of the following countries is NOT a developed nation? Often, this is because of a lack of family planning options, lack of sex education and the belief that more children could result in a higher labor force for the family to earn income. Compared to IACs,LDCs are often characterized by: A) higher life expectancy. Low Level of Income 2. Time in brackets is the time to be listed as advanced economies. Economic Inequalities . A. E) Low infant mortality rates. Capital Deficiency: The deficiency of capital in an important feature of developing countries. Developed vs Developing Countries . 3. ANS: C PTS: 1 COMPLETION 1. The United Nations's list of LDCs currently comprises 47 countries. Heavy Population Pressure 5. Inequitable distribution of income The majority of underdeveloped countries suffer from income inequality, where … User: Which of the following is a characteristic of a less developed country: a.High per capita GDP c. Stable exchange rate b. characteristics of developed and developing countries (developed countries…: characteristics of developed and developing countries JennieMederos. Most workers are in the tertiary sector. 2.The citizens of a developed country enjoy a free, healthy, and affluent existence while citizens of developing countries do not. The freedom to worship, marry, own property, and access to information characterizes a developed nation. High Volatility . Chapter 9 Practice Test 41 Terms. The least developed countries (LDCs) is a list of developing countries that, according to the United Nations, exhibit the lowest indicators of socioeconomic development, with the lowest Human Development Index ratings of all countries in the world.The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) of 18 November 1971. Example; Japan, Britain, France, etc. Indian Economy Questions & Answers : Which one of the following is NOT a characteristic of the population of a developed country Free Q&A Aptitude and Reasoning brezelfrau1219. Countries with traditional economies are often less developed because. Characteristics of a MORE Developed Country 9 Terms.