Which of the Following Is NOT Characteristic of Low-Income Countries

question 17

Multiple Choice

Which of the following is NOT characteristic of low-income countries?

• A)economies mostly based on agriculture
• B)rapidly growing populations
• C)well-instituted mass education
• D)urban dwellers struggle with hunger and nutrition

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, often reported as a non-operating expense on the income statement.