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Which of these factors did you include? Check all that

a low GDP
an economy based on agriculture
an economy based on a few industries
a low standard of living
a lack of infrastructure
low labor costs

User Timetofly
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2 Answers

2 votes

Answer:

ALL OF THE ABOVE

Step-by-step explanation:

a low GDP

an economy based on agriculture

an economy based on a few industries

a low standard of living

a lack of infrastructure

low labor costs

Hope I helped!

User Falken
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6.2k points
1 vote

Answer:

All the factors listed in the question are related to low GDP except for low labor costs:

an economy based on agriculture

Economies based on agriculture tend to have a low GDP, because agriculture usually produces less output than industry and services.

an economy based on a few industries

Economies lacking complexity, most of the time (not always) have a low GDP. An economy based on a few industries is not only vulnerable to shocks, but also likely to be unproductive.

a low standard of living

A low standard of living is directly related to GDP, more specifically, to GDP Per Capita. This is a statistical relationship that has been established by countless economic studies.

a lack of infrastructure

A country that lacks physical infraestructure will usually have a low GDP, because infraestructure is needed to both the production and delivery of goods and services.

User Matt Joyce
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7.3k points