As a percentage of GDP, which of the following most likely characterizes logistic costs incurred in developing economies in Africa?
A) Less than 9 percent
B) 9 to 12 percent
C) Approximately 12 percent
D) Approximately 15 percent
E) 25 to 30 percent

Question

Quizplus · Accepted Answer

Logistics costs incurred in developing economies in Africa are known to be quite high and can reach up to 25-30% of their GDP. This is due to factors such as inefficient transportation systems, inadequate infrastructure, lengthy customs procedures, and high levels of corruption.

As a Percentage of GDP, Which of the Following Most