Question

Read about the economy and countryA Based on what you now know What are at least three factors that demonstrate that country what are at least three factors that demonstrate that country A has a developing economy?

Answer 1

Answer:

This is the statement that completes the question:

Country A has a GDP of $500 million and a GDP per capita of $7,000. Its economy is based on agriculture and copper mining. There is inadequate infrastructure, slow economic growth, and high unemployment. However, it is aggressively seeking foreign investment, and some multinational corporations have begun outsourcing jobs to the country's major cities. However, for most, the standard of living remains low. It has never had a centrally planned economy in its history.

Explanation:

Three factors that demonstrate that country A has a developing economy:

A GDP per capita of $7,000, which is lower than the world's average.

A economy that has inadequate infraestructure, probably because it lacks good ports, highways, railroads, and so on. This hampers economic growth.

Finally, the fact that the standards of living remain low is the biggest indicator that country A has a developing economy.