Of the World's population what portion lives in developing countries ?
Correct answer: B. approximately 80%
- A. approximately 35%
- B. approximately 80%
- C. nearly 10 billion people
- D. nearly 1 billion people
Explanation
Developing countries contain roughly four-fifths of the world's population, although the exact share changes with definitions and time. Thus approximately 80 percent is the accepted textbook estimate.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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