High per capita income and high GDP define:

Question

Quizplus · Accepted Answer

Highly industrialized countries typically have high per capita income and high GDP due to their advanced economies and industrialization. The G-8 and newly industrialized countries may also have high per capita income and high GDP, but these classifications are based on political and economic factors rather than solely on economic indicators. Less-developed countries tend to have lower per capita income and GDP due to factors such as limited access to technology and resources, as well as political instability.

High Per Capita Income and High GDP Define