Question

According to the United Nations’ stages of economic development for classifying countries based on levels of industrialization, Canada falls under the category of ________ countries. Multiple Choice Third World least-developed more-developed less-developed pre-emerging

Answer 1

Answer:

Canada falls under the category of MAJOR DEVELOPED countries. (more developed is not a category).

Explanation:

The United Nations classifies all countries of the world into one of three broad  categories:

1. developed economies
2. economies in transition  
3. developing economies

This categories are also divided into subcategories, Canada and the US are categorized as Major Developed Economies of G7 countries (along with Japan , France, Germany, Italy and the United Kingdom).

Major developed countries are countries with relatively large economies (not the largest in absolute size), with high GDP per capita (also not the highest absolute GDP per capita), and with high living standards.

Some countries may have higher economic indicators, but are not part of the G7 group because they fall behind in others. For example, China is the second largest economy, but its GDP per capita and living standards are low. Qatar has the highest GDP per capita in the world, but the living standards of the vast majority of the population are extremely low, the wealth is held by a small percentage of the population.

Other countries like Luxembourg, Monaco, Switzerland, Finland, etc., have very high GDP per capita and very high living standards, but the size of their economy is relatively small.  

Answer 2

Answer:

More Developed Country

Explanation:

The MDC is the country which has more developed economy in terms of its output, technology, per capita income, etc and as a result its people are heading towards more better future than most of the other countries. This makes it more better than the other countries because the living standard, health facilities, education reforms, etc of the country are better than developed countries or under developed countries.