how countries are divided into rich middle class and poor countries on the basis of per capita income
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One unofficial threshold for a country with a developed economy is a GDP per capita of $12,000. Some economists prefer to see a per capita GDP of at least $25,000 to be comfortable declaring a country as developed
basically countries having per capita income lesser that $12,000 are considered poor, above $25,000 are considered rich and between $12,000 and $25,000 are considered to be middle class countries.
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shrijal70:
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Answer: countries with per capita income of above 12736$ in 2013 are known as rich countries and countries with per capita income below 1045$ are known as poor countries
India falls in low middle category because it's income was 1540$ in 2013
Explanation:
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