Economic Development and Traditional Economies
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Questions and Answers

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

  • Construction companies
  • Real estate agencies (correct)
  • Agricultural farms
  • Manufacturing plants

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

  • By subtracting the total value of goods and services from the population
  • By multiplying the total value of goods and services by the population
  • By adding the total value of goods and services to the population
  • By dividing the total value of goods and services by the population (correct)

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

  • Highly industrialized countries
  • Developed countries (correct)
  • Developing countries
  • Agricultural-based 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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