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Practice mode Characteristics and Institutions of Developing Countries

Which one of the following is not needed for economic development?

Correct answer A. A temperate climate

Explanation

Many tropical and arid countries have developed successfully, so a temperate climate is not essential, whereas resources, capital and technological progress are key ingredients of growth.

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Question 01 Characteristics and Institutions of Developing Countries

What is a country’s export commodity concentration ratio?

Correct answer B. Ratio of four leading commodities to total merchandise exports

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Question 02 Characteristics and Institutions of Developing Countries

Under what condition does real GNP per capita rise?

Correct answer D. The rate of growth in real GNP is greater than the rate of growth in the population

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