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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).
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.
What is average income of a country?
The average income of a country depends with the country in question. The average income of the first world countries greatly varies when compared with those of the developing countries.
) 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.
What is the main difference between developed countries and developing countries?
The income level and standard of living
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).
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
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.
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.
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.
When was Low-Income Countries Under Stress created?
Low-Income Countries Under Stress was created in 1945.
Is lotto winnings considered earnings?
I don't believe ther is anything called seperatly earned income...and have no idea what you think it is. Lottery, or gambling, or any of those types of income are considered and taxed as ordinary income.
What is average income of a country?
The average income of a country depends with the country in question. The average income of the first world countries greatly varies when compared with those of the developing countries.
Do other countries also institute an individual income tax law as the US does?
Income taxes are used in many other countries across the world. These income taxes can vary in price, be reegressive, and or proportinate to the citizan's income.
Which countries don't pay income taxes?
Monaco doesn't pay income taxes
What is the difference amount of expense over income called when income exceeds expense?
Expenses more than income is called "Loss" Income over expenses called "Profit"
What is the distinction between operating and non operation income?
Income which is generated by normal business basic operating activities is called net operating income while other income then operating income is called non operating income like interest income or dividend income etc.
