Question

_____ is normally used to classify countries as developed or developing.

a.
Exchange rates
b.
Interest rates
c.
Per capita income
d.
Gross national product
e.
Inflation rates

Answer 1

Per capita income is normally used to classify countries as developed or developing.

Step-by-step explanation:

The correct option to classify countries as developed or developing is per capita income.

Per capita income is the average income earned by each person in a country. It is an important indicator of a country's economic well-being and standard of living. Countries with higher per capita incomes are generally considered developed, while those with lower per capita incomes are considered developing.

For example, countries like the United States, Germany, and Japan have high per capita incomes and are classified as developed countries. On the other hand, countries like India, Nigeria, and Haiti have low per capita incomes and are classified as developing countries.