What Are Two "Hidden" Contributions to Economic Development in Africa

question 42

Multiple Choice

What are two "hidden" contributions to economic development in Africa?

• A)female entrepreneurs,civil service
• B)remittances,street vendors
• C)telecommunications,urban agriculture
• D)remittances,telecommunications
• E)civil service,untaxed housekeepers

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Definitions:

Real Wages

Wages adjusted for inflation, representing the purchasing power of the income received from work.

Human Capital

The combined abilities, expertise, and non-physical assets of people that can be leveraged to generate economic worth.

Future Earnings

Refers to the projected income or profits that an individual, company, or asset is expected to generate in the future.

Minimum Wage

The lowest legal hourly pay that employers can offer to workers, set by government legislation to protect employees from unduly low compensation.