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Why is a country's development classification broader than income alone?
A
It includes wider welfare, such as health, education, housing and freedoms.
B
It measures population size, rather than the resources available to individuals.
C
It focuses only on average income, which is the most reliable measure of living standards.
D
It includes natural resources, such as oil, minerals and fertile land.
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11.3.1 classification of economies in terms of their level of development Flashcards
20 flashcards on CIE Intl A Level Economics 11.3.1 classification of economies in terms of their level of development: the key terms and definitions you need to recall.