Question

Which countries are called rich countries ?

CBSE Class X Social Science VSA (1 Mark)

Answer 1

Hey guys the answer is here :

The countries are called as rich countries if they have there per capita income as US dollar $12616

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Answer 2

Explanation:

Countries like Australia, England, America, Italy, Germany and etc whose per capita income is us$12736 per annum are known as rich countries.  

Per capita income- Per capita income is the income when a country's total gross domestic product is divided by the population of that country's mid-term (July 1) year. It gives us monetary information about the average income received by residents of that country. Calculation of per capita income is very important in order to calculate a country’s growth.