Which of the following are characteristic of a developing country?
A) extensive embrace of free trade policies
B) low inflation
C) high national savings
D) a current account deficit and low national savings
E) strong credit institutions

Question

Quizplus · Accepted Answer

Developing countries often have a current account deficit due to their reliance on exports and lack of diversification in their economies. They also typically have low national savings due to poverty and lack of development, making it difficult for them to invest in infrastructure and education. Extensive embrace of free trade policies, high national savings, and strong credit institutions are more commonly associated with developed countries. Low inflation can be a characteristic of both developing and developed countries.

Which of the Following Are Characteristic of a Developing Country