0
Add your answer:
Earn +20 pts
Why does North Korea have a low GDP?
North Korea has almost no functional production, be it agricultural or industrial. It has no service industry. As a result, its GDP is practically nothing.
What does it mean if a country has a low GDP?
GDP is the value of all the final products sold in a country. Equivalently it is the total income of all those within a country. A low GDP simply means that the value of these measures are less than that of other countries. Basically, they are poor.
Country with an undeveloped industrial base low or medium human development and a low standard of living is an example of a country?
devolping
Is it better to have a high GDP or a low GDP?
High GDP because it means more money.
Is Norway a low income country?
Norway has a high GDP and is not a low income country at all. Norway ranks in the top 10 of every positive economic indicator used to measure prosperity.
What is GDP per capita of India?
The GDP per Capita of India is low but rapidly growing. Currently it is $2,941 the 128th highest in the world and comparable to that of Moldova and Vietnam.
Why does North Korea have a low GDP?
North Korea has almost no functional production, be it agricultural or industrial. It has no service industry. As a result, its GDP is practically nothing.
What does it mean if a country has a low GDP?
GDP is the value of all the final products sold in a country. Equivalently it is the total income of all those within a country. A low GDP simply means that the value of these measures are less than that of other countries. Basically, they are poor.
Was Haiti the poorest Country in the world in 2010?
No, Haiti wasn't the poorest country, but was definitely having economic troubles. Haiti has always had a low GDP and GDP per capita, but a moderate GDP growth rate and a considerably low debt rate.
Objectives of unit trust of India?
The Unit Trust of India has two main objectives. They are to encourage savings in middle and low income groups and to enable these groups to share in the industrial development of the country.
Why is Romania a developping country?
Because the the GDP is very modest.Because the GDP per capita is very low and the economy was destroyed after 1990 by the so called "democrats".
Country with an undeveloped industrial base low or medium human development and a low standard of living is an example of a country?
devolping
A country with an undeveloped industrial base low or medium human development and a low standard of living is an example of a country?
developing
Has Ghana got a low GDP?
Yes. It's higher than much of Africa but remains that of a developing country.
Is it better to have a high GDP or a low GDP?
High GDP because it means more money.
Is Norway a low income country?
Norway has a high GDP and is not a low income country at all. Norway ranks in the top 10 of every positive economic indicator used to measure prosperity.
How does literacy affect the standard of living in india Give me a short easy sentences someone?
Countries with a high literacy rate usually have a high GDP per capita. Nations with low GDP frequently have lower literacy rates since the people in that country have less access to education, and children often have to work to help support the family.
