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Economics · May / June 2020 · Paper 11 · Question 24

2281Differences in economic development between countries

What distinguishes a more developed country from a less developed country?

  1. AInflation rates are higher in the more developed country.
  2. BInterest rates are higher in the more developed country.
  3. CNatural resources are higher in the more developed country.
  4. DReal incomes are higher in the more developed country.

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Correct answer: D. Real incomes are higher in the more developed country.

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