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loris [4]
3 years ago
6

Why does a large industrial sector not always indicate that a nation is fully developed?. . A.Development depends on rate of ind

ustrialization. . B.The standard of living may not have risen with industrial growth. . C. Environmental standards may differ from industrial standards. . D.Focus on industry may slow technological advancement
Business
2 answers:
Leviafan [203]3 years ago
7 0

A large industrial sector doesn’t always indicate that a nation is fully developed because the standard of living may not have risen with industrial growth. An example of this is North Korea. It has a large industrial sector but also a low standard of living, so it’s not considered developed. The correct answer between all the choices given is the second choice or letter B. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

BaLLatris [955]3 years ago
4 0

Answer:

The answer is: B)The standard of living may not have risen with industrial growth.

Explanation:

A large industrial sector is only one of many different variables generally applied to determine if a country is fully developed or not. The most commonly used variables are:

  • gross domestic product (GDP),
  • the per capita income,
  • level of industrialization,
  • amount of widespread infrastructure,
  • general standard of living.

The easiest way to analyze this is by using China as an example. China in a very short term will be the country with the highest GDP in the world (it currently is number 2 after the US). It is very industrialized. Has continually invested in enormous infrastructure projects.

But it still lags in GDP per capita, it is not very high, only $8,826.99 in 2017, while the US GDP per capita in 2017 was $59,531.66

Other element in which they are not doing so well, even though they have improved A LOT, is the general standard of living. China still needs to improve even more in this part and that takes time.

So even as China will probably become the world's largest economy, they aren't considered fully developed yet.

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48. What is the economic process or activity of producing goods and
fgiga [73]

Answer:

O C. Production

Explanation:

Production is the organized activity of combining different materials (inputs) to make consumable goods and services. It is the process of converting resources to finished products and services for sale. Production occurs to meet the demand for the goods and services in the market.

Entrepreneurship involves the generation of an idea and transforming it into a profitable business. Factors of production are the inputs necessary for making goods and services. These factors of production (inputs) are the ingredients in the production process.

7 0
3 years ago
Please help! Show work! Will get brainliest!
Mashcka [7]

if 1500+0.75y+500+g =(g)+(0.75y)+(1500+500) the simplified answer would be

=g+0.75y+2000

6 0
3 years ago
Why do most economists believe that the value for the government purchases multiplier is greater than the value for the tax mult
Rudiy27

Because taxes keep some of the original impact of the tax, unlike spending multipliers, the spending multiplier is always one bigger than the tax multiplier. Any changes in consumer spending that follow any real GDP expansion or contraction brought on by the application of fiscal policy are referred to as the multiplier impact.

Any shift in aggregate demand will typically be significantly increased with a high multiplier, making the economy more unstable. Contrarily, with a low multiplier, changes in aggregate demand will not be amplified by a large amount, leading to a tendency for the economy to be more stable.

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8 0
1 year ago
4. Suppose GDP is $15 million, private saving is $3 million, consumption is $8 million, public saving is $2 million. Assume the
Studentka2010 [4]
Answer in the file below .

3 0
3 years ago
Sandhill Company had cash receipts from customers in 2020 of $117,140. Cash payments for operating expenses were $104,320. Sandh
andriy [413]

Answer:

(a) service revenue = $117,920

(b) operating expenses = $98,110

Explanation:

The computations are shown below:

a. For service revenue

= Cash receipts from customers + ending balance account receivable - beginning balance of accounts receivable

= $117,140 + $15,400 - $14,620

= $117,920

b. For operating expenses

= Cash payments for operating expenses + beginning balance of prepaid expense - ending balance of prepaid expense

= $104,320 + $20,400 - $26,610

= $98,110

3 0
3 years ago
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