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24 December, 21:13

Which of these factors would be most effective in raising a country's status from developing to developed? Encouraging the development of government monopolized industries Fixing individual per capita income to a lower rate than that of competing nations Shifting the country from a market economy to a mixed economy Offering incentives for women to enter and succeed in the workforce?

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  1. 24 December, 21:39
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    The factor that would be most effective in raising a country's status from developing to developed is; Offering incentives for women to enter and succeed in the workforce

    Explanation:

    The major difference between developed and developing countries is the difference in the Gross Domestic Product (GDP) per capita. The amount expressed in U. S dollars of the goods and services produces for a particular year should be measure, this is what is termed as the GDP. After determination of the GDP, the population should also be calculated. When we divide the GDP by the population we get the GDP per capita. GDP per capita is a determination of the average level of production per person in the country.

    The minimum standard that a country has to achieve for it to be declared a developed country is a GDP per capita not less than $12,000. Developed countries like the United States have recorded GDP per capita of $40,000. Developing countries usually record GDP per capita of less than $12,000. From the above explanations, we can deduce that the only way a country can raise it's standard from developing to developed is by increasing it's GDP per capita to $12,000 and above. One such technique is to offer incentives for women to enter and succeed in the workforce. By doing so, the production levels can be increased and thus the GDP per capita will also increase.
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