Are living standards always lower in developing countries than developed countries?
Again, structure is really important here.
Looking at why they might be lower:GDP per capitaInfluence of population growth Dependency ratios Life expectancySector employment (developing countries have more people employed in the primary sector)
Why they might not be lower:Relative povertyLength of working hoursInfluence of informal economy There are high paid jobs in the primary sector
LW
Related Economics GCSE answers
All answers ▸Explain how rising interest rates affect consumption
Explain why the UK have different minimum wage rates for different age groups
What are negative externalities, and what policies can the government implement to reduce them?
Define what market failure is and identify an example of market failure, explaining fully why it is a relevant example.