explain the meaning of the term rich country and low income countr
y according to the would development of the country ? support your answer
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We classify 779 exported commodities according to two ... Explaining why most countries in the world are in some sort of economic trap ... extent of policy response will therefore vary.
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an economically advanced country the economy of which is characterized by large industrial and service sectors, high levels of gross national product and INCOME PER HEAD
According to the World Bank, low-income countries are nations that have a per capita gross national income (GNI) of less than $1,026. ... The high-income group has the highest income in the world with a GNI per capita of at least $12,476. The upper-middle-income group has per capita incomes between $4,038 and $12,475
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