Which of the following characterize low-income nations, compared to middle-income and high-income countries?
I. higher rates of population growth
II. higher rates of migration from rural to urban sectors
III. higher unemployment in the rural sector compared to the urban sector
IV. lower level of potential output
V. higher rates of unemployment

Question

Which of the following characterize low-income nations, compared to middle-income and high-income countries? 
I. higher rates of population growth
II. higher rates of migration from rural to urban sectors
III. higher unemployment in the rural sector compared to the urban sector
IV. lower level of potential output
V. higher rates of unemployment

Quizplus · Accepted Answer

Low-income nations typically experience higher population growth, significant rural-to-urban migration, lower potential output, and higher unemployment rates. However, unemployment is often higher in urban areas due to migration, not rural areas.

Which of the Following Characterize Low-Income Nations, Compared to Middle-Income