A country with a high GDP per capita can be classified as an industrially advanced country (IAC) regardless of its industrial development.

Question

Quizplus · Accepted Answer

GDP per capita only measures the average income level of a country's citizens and does not necessarily reflect the country's level of industrial development. A country may have a high GDP per capita due to factors such as natural resources or a strong service sector, rather than significant industrialization.

A Country with a High GDP Per Capita Can Be