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O-LevelEconomicsEconomic development2281/12 · Oct/Nov 2024 · Q261 Mark

Which combination best describes the characteristics of a high-income economy?

AGDP per head (US$): high, Human Development Index value: high, percentage of the labour force in the tertiary sector: high
BGDP per head (US$): high, Human Development Index value: high, percentage of the labour force in the tertiary sector: low
CGDP per head (US$): low, Human Development Index value: low, percentage of the labour force in the tertiary sector: high
DGDP per head (US$): low, Human Development Index value: low, percentage of the labour force in the tertiary sector: low

✓ Correct answer

A: GDP per head (US$): high, Human Development Index value: high, percentage of the labour force in the tertiary sector: high

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About this question

Topic
Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2024 Paper 1 Variant 2, question 26.

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