Question

Which of the following denotes an underdeveloped economy?

• A. High level of inequalities
• B. Low level of capital productivity
• C. A relatively closed economy
• D. All of these

Answer 1

The correct option is D All of these

• Underdeveloped economy is characterized by:
  

1. Low per capita income
2. High rate of capital formation
3. High dependency figure
4. Working force largely in the primary sector.