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) Do you think it is in the material interests of high-income countries to help lowincome countries improve their economic performance Why or why not?
It could be if the economic improvement of the low income country results in materials that the high income country needs.
Is Norway a low income country?
Norway has a high GDP and is not a low income country at all. Norway ranks in the top 10 of every positive economic indicator used to measure prosperity.
What is a high and low income countries?
They are countries with high or low income. High income countries (HICs) tend to be in the Northern hemisphere and low income countries (LICs) tend to be in the Southern hemisphere. There are also middle income countries (MICs).
The people in Puerto Rico have a low standard or high of living?
The World Bank lists Puerto Rico as a high income country.
Is Mumbai a low income country?
yes
What is the definition of LICs and HICs?
LICs stands for Low-Income Countries, which are nations with a low gross national income per capita. HICs stands for High-Income Countries, which are countries with a high gross national income per capita. These categorizations are based on a country's economic development and income levels.
Is south Korea a low or middle income country?
No. South Korea is a high class country. The only countries in Asia that are fully developed are South Korea and Japan.
What can a low income country to do to get out of poverty?
hit the lottery
Why is there a difference in waste production between low income countries and High income countries?
there is a difference in waste production between low income countries and high income countries because high income countries have more money to spend on raw materials therefore creating more waste.
Is the best definition of a progressive tax system?
a tax system that takes a larger proportion of income from high-income people than from low-income people
What does MIC mean in geography?
MIC stands for "Middle-Income Country" in geography. This term is used to categorize countries based on their level of economic development, with middle-income countries falling between low-income and high-income countries. These countries typically have moderate levels of economic development and income levels.
Difference between low levels of living and low per capita incomes?
The people living in low income countries have, on average, a lower level of real per capita income. Low income leads to low investment in education and health as well as plant and equipment and infrastructure, which in turn leads to low productivity and economic stagnation.
