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. Look for factors that will help you determine what type of economy exists in Country A. Based on the clues in this passage, what type of economy does Country A have? developed developing transitioning command

Answer 1

Sample response:

Country A has a GDP per capita of $7,000, which seems very low. Its economy is based on two industries: agriculture and copper mining. It does not have diverse industries, and it has a very small service sector. In addition, the standard of living is low. Based on all these factors, it seems clear that Country A has a developing economy.

Answer 2

Answer:

DEVELOPING

Explanation:

B.