The Industrially Advanced Countries (IACs) Had an Average Per Capita

question 210

Multiple Choice

The industrially advanced countries (IACs) had an average per capita income in 2014 of around

• A) $50,000 per person.
• B) $27,000 per person.
• C) $38,000 per person.
• D) $61,000 per person.

---

Definitions:

Exempt Status

A classification under labor laws that categorizes employees who are exempt from overtime pay and/or minimum wage requirements, typically based on the type of work they perform.

Job Responsibilities

Specific duties and tasks that an employee is expected to perform as part of their role within an organization.

Davis-Bacon Act

A United States federal law that requires paying the local prevailing wages on public works projects for laborers and mechanics.

Walsh-Healy Public Contracts Act

A U.S. federal law that requires minimum wage, maximum hours, and safety and health standards for contractors producing goods for the government.