Which of the following is a reason behind low standards of living in developing countries?
A)High human and physical capital per worker
B)Low human and physical capital per worker
C)Low birth rates
D)High tax rates
E)Low public expenditure

Question

Quizplus · Accepted Answer

Low standards of living in developing countries can be attributed to low human and physical capital per worker. This means that individuals in these countries have low levels of education, skills, and health, and limited access to infrastructure and technology, leading to reduced productivity and income levels.

Which of the Following Is a Reason Behind Low Standards