What is per capita income or average income? Write name of develop countries
Answers
GDP is calculated by dividing a country's GDP by its population. For example, a small country with a GDP of $1 billion and a population of 50,000 has a GDP per capita of $20,000. One unofficial threshold for a country with a developed economy is a GDP per capita of $12,000.
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Answer:
Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size.
Norway. According to the UN Development Report, Norway is the most developed nation in the world
Switzerland. The second most-developed country in the world is Switzerland, with an HDI
Ireland. With an HDI of 0.942, Ireland is the third-most developed country
German
Hong Kong, China. ...
Australia. ...
Iceland. ...
Sweden.