The least developed countries (LDCs) is a list of developing countries that, according to the United Nations, exhibit the lowest indicators of socioeconomic development, with the lowest Human Development Index ratings of all countries in the world.The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) of 18 November 1971. This low per capita income reflects the low standards of living in these countries. Low corruption 5. characteristics of developed and developing countries (developed countries…: characteristics of developed and developing countries Common characteristics of economically less developed countries. Another common characteristic of developing countries is that they either have high population growth rates or large populations. The freedom to worship, marry, own property, and access to information characterizes a developed nation. The affected country portrays the following characteristics: 1. Which of the following is not a characteristic of a least-developed economy? Long Answer Type Questions: Question 1. Characteristic # 1. Economies based on agriculture C. Economies based on manufacturing and service industries D. Rapid economic growth Characteristics of LDCs Exports of Primary Goods: The primary and agricultural products are the main exports of these countries. This differentiation of countries, as developed and developing, is used to classify countries according to their economic status based on per capita income, industrialization, literacy rate, living standards, etc. Show transcribed image text. Capital Deficiency: The deficiency of capital in an important feature of developing countries. 11) Which of the following is NOT a characteristic that is associated with developed countries? A. low level of education. 2. Which of the following is a characteristic of a ‘developed’ country? Add your answer and earn points. The following list is the top 10 countries on that list: Norway; Switzerland; Ireland; Germany; Hong Kong, China; Australia; Iceland; Sweden; Singapore; The Netherlands; 1. sramedeles. Low poverty 8. Low Level of Income 2. Developing countries are also called poor countries. A. most workers are in the tertiary sector B. a very low GDP per capita C. a lack of basic resources D. a high level of poverty 2 See answers Brainly User Brainly User A. Wissenschaften und die Technologie das Essen 21 Terms. Inequitable distribution of income The majority of underdeveloped countries suffer from income inequality, where … ANS: C PTS: 1 COMPLETION 1. Low per capita income The per capita income of underdeveloped countries is very low compared to that of the developed countries. Norway has an HDI of 0.954, making it a "very high development" country. China and Vietnam saw their economies grow by around 6% to 7%. The developed countries having low birth and death rates come under this category which shows the pyramid of narrow base and a tapered top. Q 17 Q 17. A developed country has freedom for its citizens and respects the law. 11) A) high life expectancy B) an income distribution that is very close to being equal C) a high per capita GNP D) low infant mortality rates Answer: B 12) Characteristics of economic development include all of the following EXCEPT 12) A) a decrease in the percentage of the labor force in urban areas. According to Wikipedia, “A developed country or "more developed country" (MDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less developed nations. This problem has been solved! Low unemployment rate d. Low literacy rate 1 See answer ealic2AjaRro1berth is waiting for your help. High Volatility . hannah_darden7. Countries are divided into two major categories by the United Nations, which are developed countries and developing countries. According to the UN Development Report, Norway is the most developed nation in the world. Chapter 9 Practice Test 41 Terms. Of the following characteristics, a less-developed country is least likely to have a. low economic wealth. OTHER SETS BY THIS CREATOR. High inequality of income and wealth is another common feature of underdeveloped countries. C. farmers institute new farming techniques. Between developed and developing countries, one can identify a variety of differences. Multiple Choice . In these countries, large percentage of national income is shared by a small segment of the society while a large segment of the society gets barely enough to survive. C) Over half of the labor force in agriculture. The characteristics of developing countries are stated in the following: Low per capita income: Per capita income is very low in developing countries. Countries with traditional economies are often less developed because. Which of the following is NOT a characteristic of a developed country? The international trade. Unlock to view answer. JennieMederos. Norway's per capita GDP is … Syllabus: Explain, using examples, that economically less developed countries share certain common characteristics (noting that it is dangerous to generalize as there are many exceptions in each case), including . Mass Poverty 3. B. people have political freedom. The economies of these two countries are one major characteristic that set them apart. In the less developed countries, there are a lot of restrictions and citizens cannot do whatever they like freely. 13. Health and educational opportunities are limited for most people B. A. people are resistant to change. Often, this is because of a lack of family planning options, lack of sex education and the belief that more children could result in a higher labor force for the family to earn income. 1.A developed country is a country that has a high level of industrialization and per capita income while a developing country is a country that is still in the early stages of industrial development and has a low per capita income. Compared to IACs,LDCs are often characterized by: A) higher life expectancy. Unexploited Natural Resources and Others. Which of the following is a characteristic of a less developed country: a. Heavy Population Pressure 5. A. D) Low savings and investment rates. The United Nations's list of LDCs currently comprises 47 countries. According to the UN criteria, countries with less than $400 level of per capita income countries are designated as low income countries and countries with less than $750 per capita income as called less developed economics. Lack of Capital Formation 4. brezelfrau1219. Further, in India, the population density was 412 per square kilometer (in 2010). The population growth in developed countries is usually zero or negative. Democratic Republic of Congo: This country has an HDI score of 0.433 and a life expectancy of 58.7 years. In 2019, the economic growth of most developed countries, such as the United States, Germany, Mexico, and Japan, was less than 3%. Such countries are characterized by an increased economic growth rate, a robust political system, rapid population growth and urbanization, and free trade policies. For example the main exports products of Pakistan are rice, cotton yarn, fish and garments etc. 2.The citizens of a developed country enjoy a free, healthy, and affluent existence while citizens of developing countries do not. Which of the following countries is NOT a developed nation? D. there is little need for medical facilities. Students spend an average of 2.8 years in school and the country has a GDP PPP of $1,501. c. a highly educated population. Advanced public transportation 7. Developed vs Developing Countries . See the answer. Time in brackets is the time to be listed as advanced economies. Unemployment Problem 7. Most of the GDP came from the industry sector 3. German Interpretive Reading and Listening … The classification of countries is based on the economic status such as GDP, GNP, per capita income, industrialization, the standard of living, etc. What is meaning of Age Structure of population? High per capita GDP c. Stable exchange rate b. Norway is a highly developed country and typically has a world GDP ranking in the top 30, with a 2014 GDP at $500 million in 2014. Agricultural Backwardness 6. Growth in Egypt, Poland, India, and Malaysia, was 4% or more. Economic Inequalities . Developed & Developing Countries Review (3A) 24 Terms. _____ refers to an increase in average prices for goods and services in a country.   Countries deemed more developed than LDCs are called developed countries, while those less developed are known as less economically developed countries (LEDCs) or frontier markets. Which of the following is not a characteristic of less-developed countries? According to political scientists and economists, a newly industrialized country (NIC) is a country whose economic status is above that of a developing country but below that of a developed country. The Gambia: This is one of the least developed countries in the world with an HDI score of 0.441 and a life expectancy of 64.1 years of age. The following points highlight the fourteen basic characteristics of underdeveloped countries. Free. Norway. A) High rates of illiteracy.   3. The following list, including the Four Asian Tigers and new Eurozone European countries, were historically considered developing countries and regions until the 1990s, and are now listed as advanced economies (developed countries and regions) by the IMF. low life expectancy << high literacy rates many educated people low unemployment 5. Which of the following is a characteristic of a developed country? Demographically speaking, India has a high density of population with high infant mortality rates and comparatively lower life expectancy as compared to the developed countries. Example; Japan, Britain, France, etc. The characteristic of developed nations: 1. brezelfrau1219 . B) High unemployment. Developed countries invest … United States Canada Australia Mexico << 4. Developing countries, less-developed countries (LDCs), or emerging markets have lower ratings based on these statistical criteria. This makes it an underdeveloped economy. What is it called when countries block the importation of certain products into their country? E) Low infant mortality rates. User: Which of the following is a characteristic of a less developed country: a.High per capita GDP c. Stable exchange rate b. Characteristics of a MORE Developed Country 9 Terms. Demographic Characteristics. d. an emphasis on agriculture and mining. Sometimes they are often called underdeveloped economics. Low per capita income and slow growth rate of per capita income are characteristics of these countries. Mainly urban citizens 6. Indian Economy Questions & Answers : Which one of the following is NOT a characteristic of the population of a developed country Free Q&A Aptitude and Reasoning Rapid social change leads to the third characteristic, which is high volatility. Some of the characteristics are: 1. Less-developed countries (LDC) are low-income countries that face significant structural challenges to sustainable development. These terms have been the subject of criticism, but they remain … High GDP per capita 4. High standard of living 2. Most workers are in the tertiary sector. b. poor housing and health care. Human Development Index 12 Terms. Low unemployment rate d. Low literacy rate Weegy: elow are a set of sample test questions taken from previous exams in Development Economics 339.The … importation blockade trade … Question: Identify Whether Each Of The Following Factors Is More Likely To Be A Characteristic Of A Less-developed Country (LDC) Or An Industrially Advanced Country (IAC). Characteristics of a developing country: A country in which the capital is low in relation to its population and natural resources is called an underdeveloped (developing) country. Compared to that of the labor force in agriculture advanced economies Norway has an HDI of 0.954, it! 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