Asked by
pooja sangaraju
on Nov 26, 2024Verified
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.
Verified Answer
CR
Learning Objectives
- Understand the concept and implications of per capita income disparities among countries, including factors influencing these disparities.