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Q.

The countries with a per capita income of US $955 per annum and less in 2017 are called ____ countries.


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Detailed Solution

The countries with a per capita income of US $955 per annum or less in 2017 are called low-income countries.The country's total income divided by its total population is per capita income. It is one of the World Bank's criteria to evaluate how developed certain nations are. It is also known as the national average income. A country with a high per capita income is developed and has payments more significant than the global average. Similar to this, an undeveloped nation is one with a low per capita income.
 
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