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A country has an annual income per capita of $2,300. The country's nominal economic growth rate is 1.5% while 37.7% of its population lives below
A country has an annual income per capita of $2,300. The country's nominal economic growth rate is 1.5% while 37.7% of its population lives below the poverty line, and its literacy rate is 48% of the population. In addition, 54% of its labor force is in agriculture and 11% works in the business or the technology sectors. Based on the details of this country's economic growth, how would you classify this country? Responses industrialized nation industrialized nation less-developed nation less-developed nation developing nation developing nation
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