Which of the Following Is a True Statement

question 40

Multiple Choice

Which of the following is a true statement?

• A) The LDC classification is of the questionable accuracy.
• B) GDP per capita ignores the degree of income distribution.
• C) GDP per capita is affected by exchange rate changes.
• D) GDP per capita does not account for the difference in the cost of living among nations.
• E) All of the above are true.

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Definitions:

Service Sector

A segment of the economy that provides intangible goods or services to consumers, including retail, healthcare, and financial services.

Labour-intensive

Describing a process or industry that requires a large amount of manual work relative to capital or machinery.

Skilled Labour

Refers to workers who have specialized training or skills, typically acquired through education or on-the-job experience, necessary for performing specific tasks or jobs.

Quality Output

The degree to which a product or service meets specified requirements and satisfies customer expectations.