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WAEC Economics 2020 Question 42

Question 42

Economic Growth and Development

Expenditure on food takes a large proportion of incomes of people in

  1. A.industrialized countries.
  2. B.advanced countries.
  3. C.developing countries.
  4. D.capitalist countries.
Show the answer and explanation

Answer: C (developing countries.)

Explanation

Poor households spend most of their income on food (Engel's law).