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Which of the following is the range of annual personal income for people living in middle-income nations?

a. $250 to $1000
b. $1000 to $2500
c. $2500 to $12500
d. $12500 to $25000

User Gift
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1 Answer

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Final answer:

The range of annual personal income for people in middle-income nations is between $1,025 and $12,475, making the correct response c. $2500 to $12500.

Step-by-step explanation:

The range of annual personal income for people living in middle-income nations is based on the classification provided by the World Bank and other economic sources. Specifically, a middle-income country is a nation with per capita income between $1,025 and $12,475.

This range has been set considering the country's ability to catch up to the technology leaders in high-income countries, although this ability may not always be sustained.

Based on the information provided, the correct answer to the question "Which of the following is the range of annual personal income for people living in middle-income nations?" is c. $2500 to $12500.

User Ekeren
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