Explain how it is possible that a country can have considerable wealth and still be considered a less developed country

Explanation:

It is possible for the country to have great wealth and yet be considered less developed. This is possible because countries may not be able to exploit these riches, ie they do not have the technology, capital or technical education capable of exploiting and transforming these riches into economic growth and well-being for the people. In addition, other factors such as corruption and small group interests may contribute to this wealth being appropriated by few people.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; /// blank(1); increases; blank(2); decreases;