MP Board · Class 10 · Social Science · Economics: DevelopmentUnder World Bank classification, low-income countries are those with per capita income of how much (as of 2019)?
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Total Attempts: 5
Accuracy Rate: 20%
Step-by-Step Solution
Countries with per capita income of US $ 995 or less in 2019 are called low-income countries according to the World Bank classification.
Detailed Options Breakdown
Option : US $ 995 or less per annum (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: US $ 12,000 per annum
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
Option 2: US $ 50,000 per annum
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
Option 3: US $ 5,000 per annum
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
💡 Study Guide: This question tests core syllabus concepts from Economics: Development. For formulas, key summaries, and mock exam reference guides, read the full Economics: Development Revision Notes.