_____ is normally used to classify countries as developed or developing.
A) Exchange rates
B) Interest rates
C) Gross national product
D) Per capita income
E) Inflation rates

Question

Quizplus · Accepted Answer

Per capita income is a commonly used measure to classify countries as developed or developing. Developed countries generally have a higher per capita income than developing countries. Other factors such as economic growth, industrialization, standard of living, and human development index may also be considered. However, per capita income is a primary indicator of a country's economic status.

_____ Is Normally Used to Classify Countries as Developed or Developing