Asked by

pooja sangaraju
on Nov 26, 2024

verifed

Verified

The industrially advanced countries (IACs) had an average per capita income in 2017 of around

A) $82,000 per person.
B) $27,000 per person.
C) $40,000 per person.
D) $61,000 per person.

Per Capita Income

The mean amount of money made by each individual in a specific region or nation, determined by dividing the region's total earnings by the number of people living there.

Industrially Advanced Countries

Refers to nations with highly developed economies, significant industrial production, and advanced technological infrastructure.

  • Understand the concept and implications of per capita income disparities among countries, including factors influencing these disparities.
verifed

Verified Answer

CR
Chilaine RonelusNov 28, 2024
Final Answer:
Get Full Answer