Compared to the United States, a developing country is likely to have: A. a lower gross domestic product. B. a lower rate of inflation. c. a higher standard of living. D. a higher per capita income.
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Extra Insights
A developing country is likely to have a lower gross domestic product (GDP) compared to the United States, reflecting its overall economic activity. This lower GDP often correlates with less industrialization, limited infrastructure, and a higher reliance on agriculture, impacting the country’s overall economic health and development. In terms of economic indicators, developing countries frequently experience higher levels of poverty, which translates into a lower standard of living for its citizens. This can result in less access to basic needs like healthcare, education, and clean water, showcasing significant disparities when compared to the U.S.
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