If a country has a high level of income:

Question

Quizplus · Accepted Answer

A country with a high level of income likely has large amounts of physical and human capital, meaning it has invested in infrastructure, technology, and education. The accumulation of these resources leads to higher levels of production and economic growth, resulting in higher incomes. Rapidly increasing income each year is not a defining characteristic of a high-income country and is not always sustainable. The size of a country's natural resource endowment is also not a determining factor in its income level. Limited access to technology is unlikely in a high-income country, as it would hinder the country's ability to innovate and maintain economic growth.

If a Country Has a High Level of Income