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WAEC Economics 2021 Question 50

Question 50

Economic Growth and Development

Abundant natural resources do not contribute to economic growth in developing countries because of

  1. A.high rate of inflation.
  2. B.urban congestion.
  3. C.over-reliance on multiple commodities.
  4. D.mismanagement and corruption.
Show the answer and explanation

Answer: D (mismanagement and corruption.)

Explanation

Revenues from resources are wasted through mismanagement and corruption.