Moderate

The low-income economies generally have the following except ?

Correct answer: D. a per capital GNP of more than $900

  • A. deficient infrastructures
  • B. low life expectancies
  • C. low savings
  • D. a per capital GNP of more than $900

Explanation

Low-income economies are associated with weak infrastructure, low life expectancy and low saving rates, while their per-capita GNP is below the stated threshold. Thus, per-capita GNP of more than $900 is the exception.

Last updated

About Macroeconomics

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.

Practise Macroeconomics

1,462 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.

Exams that ask Economics questions like this

Economics is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.

Related questions