Question

What are the types of countries according to development status?

Answer 1

Answer:

Hope this was the answer

Explanation:

A developing country (or a low and middle-income country (LMIC), less developed country, less economically developed country (LEDC), medium-industrialized country or underdeveloped country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.

Answer 2

Answer:

The World Bank classifies the world's economies into four groups, supported gross value per capita:

High-income countries,

Upper-middle-income countries,

Lower-middle-income countries, and

Low-income countries.

Least developed countries, landlocked developing countries and little island developing states are all sub-groupings of developing countries.

Explanation:

High income countries- A high-income economy is defined by the globe Bank as a nation with a gross value per capita of US$12,696 or more in 2020, calculated using the Atlas method. example-Monaco, Switzerland.

Upper-middle income countries-upper-middle-income economies are those with a GNI per capita, calculated using the planet Bank Atlas method, of over $4,125. but $12,736.Example-Brazil, Algeria.

The lower middle-income economies are countries where the per capita GNI falls between $1,026 and $3,955. Example- Bangladesh, Bhutan

Low-income economies are defined as those with a GNI per capita, calculated using the planet Bank Atlas method, of $1,025 or less. Example- Kiribati, Micronesia.

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