Read about the economy in Country A. Based on what you now know, what are at least three factors that demonstrate that Country A has a developing economy?

Country A has a low GDP per capita of $7,000 and its economy is based on two industries: agriculture and copper mining. These are two basic industries, this indicates that the Country A has a very small service sector. Also, the standard of living is low, so we can assume based on the factors of industry, GDP, and standard of living that Country A is a devloping country.

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codiepienagoya codiepienagoya · Answer 2 · 2021-11-14T10:38:26+01:00

The following are the evidence that indicates the economic development of the country:

The country's economy is built on agricultural and copper mining: agriculture is often the main source of income in developing countries.
The nation's per capita real income is low, which contributes to minimal investment accounts.
It most respondents earn only enough to survive on have no money left over to save and invest reinforces the poverty cycle.
Its nation does have high youth unemployment: developing countries are prone to large unemployment due to the lack of job opportunities.

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