Are living standards always lower in developing countries than developed countries?
Again, structure is really important here.
Looking at why they might be lower:GDP per capitaInfluence of population growth Dependency ratios Life expectancySector employment (developing countries have more people employed in the primary sector)
Why they might not be lower:Relative povertyLength of working hoursInfluence of informal economy There are high paid jobs in the primary sector
LW
Related Economics GCSE answers
All answers ▸What are the 4 main factors of production?
What is the difference between the short run and long run?
Explain one possible effect on the equilibrium market price of an increase in production costs for firms
Evaluate the view that perfect competition is a more efficient market structure than monopoly.