How large are income differences across countries? The per-person GDP figures tend to the income levels of less-developed countries (LDCs) relative to rich countries . Why is this the case? Developed countries are characterized by a larger share of household production in total output than LDCs. LDCs are characterized by a larger share of household production in total output than developed countries. LDCs are characterized by a higher share of industrial production in total output than developed countries Developed countries are characterized by the same share of household production in total output as LDCs