In 2017, countries with per capita income of US$ 12,056 and above were…

Question

In 2017, countries with per capita income of US$ 12,056 and above were called:

Accepted Answer

B. Rich countries

1. This is the World Development Report criterion.
2. They are rich countries.
3. Excluding Middle East and small states they are called developed.
_Source: syllabus Understanding Economic Development, Chapter 1, Development._

Answer

Emerging economies

Answer

Low-income states

Answer

Middle-income states

In 2017, countries with per capita income of US$ 12,056 and above were called:

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