Question

In an undeveloped economy, the standard of living of the population is ______.

• A. low
• B. high
• C. moderate
• D. does not change over a period of time.

Answer 1

Answer: (A)

low

In an undeveloped economy, the standard of living of the population is low. This is because the population increases at a very fast pace. However the natural resources remains to be at the lower levels and the pressure on them also increases. Also another problem is the employment levels of such countries remains to be very low. Due to which people do not get a chance to improve their conditions.