In 2016, low- and middle-income economies, or developing countries, made up _____ of the world's population but produced only _____ of the output.
A) 84 percent; 36 percent
B) 16 percent; 64 percent
C) 46 percent; 70percent
D) 12 percent; 2 percent
E) 70 percent; 46 percent

Question

Quizplus · Accepted Answer

In 2016, low- and middle-income economies, which are often referred to as developing countries, constituted a significant majority of the world's population, approximately 84 percent, but were responsible for a much smaller portion of global output, around 36 percent. This discrepancy highlights the economic disparities between developing and developed nations.

In 2016, Low- and Middle-Income Economies, or Developing Countries, Made