Which of the following is most characteristic of most developing nations?
A) roughly equal distribution of income among the population
B) high levels of labor productivity in agriculture
C) low propensity to consume goods and services
D) low levels of saving and investment

Question

Quizplus · Accepted Answer

Developing nations typically have low levels of saving and investment due to factors such as political instability, inadequate infrastructure, and limited access to financial resources. This hinders economic growth and development in these countries. While some developing nations may have a relatively equal distribution of income or high labor productivity in agriculture, these factors are not as consistently characteristic across developing nations as low levels of saving and investment.

Which of the Following Is Most Characteristic of Most Developing