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
A) all of the above
B) I, II, IV, and V only
C) I, II, III, and IV only
D) I, III, IV, and V only

Question

Quizplus · Accepted Answer

Low-income nations typically experience higher rates of population growth, significant migration from rural to urban areas due to the search for better living conditions and employment opportunities, a lower level of potential output due to factors like less advanced technology and infrastructure, and higher rates of unemployment due to various economic challenges. The statement about higher unemployment in the rural sector compared to the urban sector is not universally characteristic of low-income nations, as the pattern can vary based on specific national circumstances and policies.

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