Which of the following characterize low-income nations, compared to middle-income and high-income countries?
I. higher rates of population growth
II. greater income inequality
III. a larger proportion of the labor force in agriculture
IV. a smaller share of income used for consumption
V. higher rates of unemployment

Question

Quizplus · Accepted Answer

Low-income nations typically have higher rates of population growth, greater income inequality, a larger proportion of the labor force in agriculture, a smaller share of income used for consumption (due to a higher proportion of income being spent on basic necessities), and higher rates of unemployment compared to middle-income and high-income countries.

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