Write the per capita income of developed countries
Answers
Answered by
2
A high-income economy is defined by theWorld Bank as a country with a gross national income per capita US$12,236 or more in 2016, calculated using the Atlas method.[1] While the term "high-income" is often used interchangeably with "First World" and "developed country", the technical definitions of these terms differ. The term "first world" commonly refers to countries that aligned themselves with the U.S. and NATO during theCold War. Several institutions, such as theCentral Intelligence Agency (CIA) orInternational Monetary Fund (IMF), take factors other than high per capita income into account when classifying countries as "developed" or "advanced economies". According to the United Nations, for example, some high-income countries may also be developing countries. The GCC countries, for example, are classified as developing high-income countries. Thus, a high-income country may be classified as either developed or developing.[2] Although the Holy See is asovereign state, it is not classified by the World Bank under this definition.
Answered by
0
Answer:
Countries whose per capita income, literacy rate,
and service rate are high ,those countries are known as a
developed country. The per capita income of a country is
the measure of its number of people's economic output.
Countries with a per capita income of $128000 per
annum or above are known as developed countries exQatar. Countries with a per capita income of $800 or less
are known as developing countries ex- the Central
African Republic.
Explanation:
Similar questions