Gross (Raw/before taxes) Domestic Product (GDP), inflation rate (cost of living), etc. Indicators to categorize countries according to level of wealth: Developed (Canada) Developing countries Emerging economies (BRICS countries): Brazil, Russia, India, China, South Africa ******* ‘Regular’ developing countries (Vietnam) Less Developed (Somalia) Northern (rich)/Southern (poor) countries Not necessarily regarding their position on the map. ** Per Capita= per head/person ** To find GDP per capita:…
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