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One indicator of the low level of cap ital formation in developing countries is

Economics
WAEC 2024

One indicator of the low level of cap ital formation in developing countries is

  • A. low per capita income.
  • B. high rate of investment.
  • C. low importation of consumer goods.
  • D. high rate of household savings
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Correct Answer: Option A
Explanation

A: Low per capital shows that the in vestment level is low. Nothing courses the investment level to be low other than low capital formation.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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