Question

1. What the countries with per capita income of US$12056 per annum and above (in 2017) are called? (a) Low income countries (b) Developing countries (c) Rich countries (d) none of these​

Answer 1

Answer:

The correct answer is - C. Rich countries.

Explanation:

In 2017, if any country has a per capita income of US$ 12,056 annually or above is considered as a high-income country. Such countries are also called first-world countries, developed or rich countries.

On other hand, countries with US$ 955 or less per capita income or less are called low-income countries. The USA is a rich or developed country as it has more per capita income than US$ 12,056.