Which of the Following Is Most Characteristic of Developing Nations

question 194

Multiple Choice

Which of the following is most characteristic of developing nations?

• A) a small percentage of the labor force in agriculture
• B) a relatively equitable distribution of income
• C) low levels of labor productivity
• D) low rates of population growth

---

Definitions:

Effective Interest Method

A method of calculating the interest revenue for an investment where the interest rate is compounded with each period.

Present Value

The present monetary value of a future sum or a series of cash payments, considering a designated rate of return.

Actuarial Information

Actuarial information involves data and analysis related to assessing financial risks in insurance and finance, especially calculations concerning premiums or pension obligations.

Interest Expense

The cost incurred by an entity for borrowed funds, which is charged as an expense on the income statement over the period the funds are borrowed.