A Developing Nation May Not Experience an Increase in the Average

question 167

Multiple Choice

A developing nation may not experience an increase in the average standard of living even if it increases its output of goods and services because of

• A) land reform.
• B) population growth.
• C) underemployment and disguised unemployment.
• D) capital-saving technology.

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Definitions:

President Johnson

Refers to Lyndon B. Johnson, the 36th President of the United States (1963-1969), known for his domestic policies named the "Great Society."

Great Society

A set of domestic programs in the United States launched by President Lyndon B. Johnson aimed at eliminating poverty and racial injustice.

Accomplishments

Achievements or successes achieved through effort, skill, or courage, often recognized and respected by others.

Failings

The shortcomings or deficiencies in performance, structure, or character, often leading to undesirable outcomes or failures.