Which of the following is NOT one of the characteristics of …

Source: JAMB · 2023

Which of the following is NOT one of the characteristics of developing countries?

  1. High capital formation ✓
  2. Low saving
  3. Mono- product economy
  4. High unemployment
Explanation

Developing countries have low income, low saving, few product exports and high unemployment. Because saving is low, little money is available for investment.

So high capital formation is not a feature. Capital formation is usually low.

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