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

Question

Quizplus · Accepted Answer

Low levels of human and physical capital per worker are a major reason behind the low standards of living in developing countries. These countries have inadequate investment in education, health, and infrastructure which results in low productivity and limited access to basic necessities like clean water, energy, and healthcare. High tax rates and low public expenditure are not directly related to low standards of living in developing countries. Low birth rates may contribute to an aging population and economic challenges but it alone cannot be considered a reason behind low standards of living.

Which of the Following Is a Reason Behind the Low