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O-LevelEconomicsEconomic development2281/11 · May/June 2020 · Q241 Mark

What distinguishes a more developed country from a less developed country?

AInflation rates are higher in the more developed country.
BInterest rates are higher in the more developed country.
CNatural resources are higher in the more developed country.
DReal incomes are higher in the more developed country.

✓ Correct answer

D: Real incomes are higher in the more developed country.

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About this question

Topic
Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2020 Paper 1 Variant 1, question 24.

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