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Do all countries of Latin America have a similar income gap Explain.?
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What is median income of third world countries?
The median income for a good share of the third world is about $2 per day. The vast majority of families do not have an income above $1,000 in a year.
What percentage of the world's population makes more than 50 thousand dollars per year?
Some 5 %. But keep in mind that the equivalent of $ 50,000 would make you a middle-income earner in only the wealthiest Western countries such as the USA, but a top-income earner in all Third World countries. And even in many Western countries the average income is well below $ 50,000. It also has everything to do with a country's standards and cost of living. In many countries - certainly in the Third World - you can get by very nicely, with servants and all, on $ 20,000 a year or even less.
Which outcome was a direct result of the social structure established during European colonization of Latin America?
Inequalities of income and power.
Which outcome was direct result of the social structure established during European colonization of latin America?
Inequalities of income and power.
Who usually works in sweatshops?
People that work in the so-called " sweatshops," are low income, uneducated individuals living in precarious conditions in under-developed countries. These individuals find themselves in desperate need to have an income to support their families.
What two Latin America countries have oil as their major source of income?
Mexico and Venezuela are such countries.
What is the average income in South America?
The average income in Central America will vary depending on what country you are located in. The majority of countries average around 3000 dollars a year.
What is HICS?
HIC is High-income countries. UK, America, Germany etc. are HICS
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).
Is kazakhstan poor?
Income wise, it is similar to East European countries, like Poland.if u compare to Germany, Spain and France, then yes !middle-income, industrialy developed country.
What four groups the world bank divides the world into?
1. High income countries 2. Upper-middle income countries 3. Lower-middle income countries 4. Low-income countries
Explain the importance of national income?
importance of national income.
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.
How do you explain GNI per capita?
A measure of the wealth earned by nations through economic activites all around the world. Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries. Also known as GNP. It can be calculated as follows : GNI = Gross Domestic Product + Net property income from abroad.
Why the national income statistic cannot good for discussing the income of developing countries?
National income is not a good statistic for discussing the income of developing countries as it includes the income of richest and the poorest. It does not represent the equality of income.
In which countries are there no tuition fees to study at university?
Sweden,Finland, Norway even Havard for low income student America for International scholars
How large countries have less per capita expenses?
"Per capita" means "per person" - so this is just the average per person. If the style of life is similar in two countries, you would expect the per capita income, and per capita expenses, to be similar in both countries, even if they have vastly different populations.
