WAEC Economics 2024 Objective — Question 43
Question 43 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.
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43. One indicator of the low level of capital formation in developing countries is
- A. low per capita income.Correct
- B. high rate of investment.
- C. low importation of consumer goods.
- D. high household savings.
Explanation
Low per capita income shows that the level of investment is low; nothing else causes the investment level to be low other than low capital formation.
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