Using complete sentences, explain the differences between developed and developing countries in the following areas: GDP per capita, the dominant sector(s) in the economy, and the standard of living for most of the people in the country.

Answer 1

GDP per capita is a measure of the average income of a country's citizens. Developed countries typically have higher GDP per capita than developing countries. The dominant sector in the economy of developed countries is usually the service sector, while developing countries tend to have a more diverse economy with a larger share of the agricultural and industrial sectors. The standard of living for most of the people in developed countries is generally higher than in developing countries, with access to better healthcare, education, and other amenities.