Answer to Question #317410 in Macroeconomics for Siwe

Question

what are some dimensions in which developing countries show notably wide variations

Answer 1

1.A country with an effective rate of industrialization and individual income is referred to as a developed country whereas one with a slow rate of industrialization and low per capita income is known to be a developing country.

2.A developed country has low or no unemployment and poverty level whereas a developing country has high rate of unemployment and poverty.

3.A developed country has a low infant mortality rate, death rate and birth rate is low while the life expectancy rate is high whereas a developing country has a high infant mortality rate, death rate and birth rate, along with low life expectancy rate.

4.A developed country has a high living standards whereas a developing country has a moderate living standards.

5.A developed country generates more of her revenues from industrial sector whereas a developing country generates more of her revenues from service sector.

6.In a developed country income is evenly distributed whereas in a developing country incomes are unequally distributed.