O Levels Economics (2281)•2281/11/M/J/18

Explanation
Characteristics of Developed Economies
Steps:
- Recall that developed countries have advanced economies with high GDP per capita and diversified sectors.
- Evaluate options against key traits: shift from primary/secondary to tertiary sectors, low population growth, high technology adoption, and stable economic growth.
- Eliminate A, B, and C as they contradict typical developed country features.
- Confirm D aligns with the dominance of service-based employment in mature economies.
Why D is correct:
- Developed countries feature economies dominated by the tertiary sector (services like finance, education, and healthcare), leading to over 70% of employment in these areas per economic development definitions.
Why the others are wrong:
- A: Developed countries typically experience moderate or low economic growth rates due to already high development levels.
- B: They have low population growth from high living standards and aging demographics.
- C: They extensively use advanced technology to drive productivity and innovation.
Final answer: D
Topic: Differences in economic development between countries
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