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JAMB Economics 2016 Paper
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© africaexams.com
Question : 3
Total: 49
The major characteristics of an undeveloped nation is
Over-dependence on foreign products
Dominance of the industrial sector
High per capita income
Efficient and sensitive financial sector
Validate
Solution:
Characteristics
Low per Capita Income
Inequitable Distribution of Wealth and Income
Predominance of Agriculture
Deficiency of Capital
High Rate of Population Growth
Unemployment and Underemployment
A Dualistic Economy
Technical Backwardness
dependence on foreign products
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