Which of the following is true of the developing countries? Almost half of the exports by developing countries go to the industrialized countries. Exports of goods and services on average are about only 10 percent of gross domestic product in developing countries. Exports from the developing countries comprise of about three-fourth of industrial - country imports. Developing countries are the source of about 60 percent of all world exports.

Question

Landen Farmer

Business

23 March, 13:47

Which of the following is true of the developing countries? Almost half of the exports by developing countries go to the industrialized countries. Exports of goods and services on average are about only 10 percent of gross domestic product in developing countries. Exports from the developing countries comprise of about three-fourth of industrial - country imports. Developing countries are the source of about 60 percent of all world exports.

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Answers (1)

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Cordell Lawrence · Answer 1

The correct option here is A) as half of the exports made by developing countries goes to the industrialized countries.

Explanation:

A developing nation imports the high tech goods, specialized software services and other capital equipment because for them the opportunity cost for making these products are high and it also might be difficult to produce these products. So the developing nations get these products from developed nation, whose opportunity cost for making these high tech products are low. So developing nations produces primary products which they supply to developed nations.