economicsA high standard of living and per capita income are features of a ____ country.

A high standard of living and per capita income are features of a ____ country.


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    Solution:

    A high standard of living and per capita income are features of a developed country.
    High living standards in developed countries usually accompany a high per capita income.
    In the World Development Reports, brought out by the World Bank in 2019, countries with a per capita income of US $ 2500 or less are classified as low-income countries, while those with a per capita income of US $ 49300 per annum are classified as high-income countries. Developed countries majorly focus on human development by investing in education, health, etc.
     
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