WAEC Economics 2020 Objective — Question 42
Question 42 of 50 from the West African Examinations Council (WAEC) Economics 2020 Objective paper, with the correct answer and a full explanation.
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Expenditure on food takes a large proportion of incomes of people in
- A. industrialized countries
- B. advanced countries
- C. developing countriesCorrect
- D. capitalist countries
Explanation
In developing countries, investment and income levels are low, so consumption (especially on food, a basic necessity) takes up a larger proportion of income.
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