Question

Q.1 Mr. Jay is the resident of an imaginary country called Palampu.. It is a developed
country. Which among the following characteristics his country might have?
1
1. Effective rate of Industrilization and individual income.
2. High infant mortality Rate.
3. High Human Development Index.
4. High Gross Domestic Product
A. Only 1 is correct.
B. Only 2 is correct.
C. Only 1,3 and 4 is correct.
D. All of the statements are correct.​

Answer 1

Answer:

C. Only 1,3 and 4 is correct is the answer.

Explanation:

A developed economy has the following characteristics:

1. It has a high per capita income and GDP.
2. They have a high living standard.
3. There is a low rate of poverty.
4. Manufacturing and service industries employ a big share of the workforce.
5. The newborn mortality rate is low.
6. The Human Development Index is very high.
7. There is a high rate of capital formation and savings.
8. Production procedures that are current and advanced.

Answer 2

Answer:

C. Only 1,3 and 4 is correct.

Explanation:

Mr. Jay is the resident of an imaginary country called Palampu.. It is a developed country.  The following characteristics his country might have

The characteristics of a developed economy are:

1. They have high per capita income and GDP.

2. They possess high standard of living.

3. There is low incidence of poverty.

4. The large proportion of labour force depends on manufacturing and service sector.

5. There is low infant mortality rate.

6. Human development Index has high ranking.

7. There is a high rate of savings and capital formation.

8. Use of modern and advanced techniques of production.

Hence, option C is correct.

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