Choose the given statement as True/False

Countries in the middle east are called developed economies.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
Countries in the middle east are not called developed countries despite their higher per capita income. According to the World Development Report published by the World Bank in 2017, the countries with a per capita income of US$ 12,056 and higher are called developed countries. Middle Eastern countries are separate from developed countries despite having a per capita income higher than required. This is because these countries have high-income disparities. Few people are very rich, but there is a large number of poor people as well. Along with this, other factors like education and health are not developed in these countries.
The correct statement would be that countries in the middle east are not called developed in spite of their high per capita income.

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