Question

Which of the following is not the features of Developed Economy?

• A. High national income
• B. High real per capita income
• C. High unemployment
• D. High standard of living

Answer 1

Answer: (C)

High unemployment

Countries with high gross domestic product (GDP) per capita would be described as developed countries. Higly industrialised countries are also described as developed economies. High national income, High real per capita income, High standard of living are the characteristics of developed economy. High unemployment is characteristic of under developed economy. USA, UK and Germany are the examples of developed economies.