Economic Development and Traditional Economies

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AthleticVoice1105
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Questions and Answers

What is one example of a service sector industry mentioned in the text?

Real estate agencies

How is Gross National Income (GNI) per person calculated?

By dividing the total value of goods and services by the population

Which type of countries usually have higher literacy rates according to the text?

Developed countries

What is a characteristic of life expectancy in highly developed countries?

<p>High life expectancy due to advanced healthcare</p> Signup and view all the answers

What demographic feature is mentioned as common in developed countries?

<p>Large middle class</p> Signup and view all the answers

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