Multiple choice general knowledge

Which among the following is not a feature of a developing economy?

  1. high rate of population growth

  2. high rate of capital formation

  3. high rate of unemployment

  4. widespread poverty

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Developing economies typically have high population growth (A), high unemployment (C), and widespread poverty (D). A high rate of capital formation (B) is characteristic of developed economies, not developing ones. Developing economies struggle to accumulate capital.