Examlex
Which of the following nations accounts for the greatest percentage of the world's military spending?
Developing Nations
Countries with a lower level of industrialization, lower living standards, and lower Human Development Index relative to other countries.
Labor Productivity
A measure of economic performance that calculates the amount of goods and services produced per hour of labor, indicating efficiency and effectiveness of labor use.
Consumption
The process of buying or using goods and services by consumers.
Economic Development
The process by which a nation improves the economic, political, and social well-being of its people, often characterized by industrialization, increase in GDP, and improvement in quality of life.
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