The Average Per Capita Income in 2017 for Low-Income Developing

question 187

Multiple Choice

The average per capita income in 2017 for low-income developing nations was about

• A) $775.
• B) $2,100.
• C) $1,990.
• D) $4,600.

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Definitions:

Recessions

A brief era of economic contraction observed through lessened trade and industry efforts, frequently identified by a successive quarterly GDP decrease.

Consumer Spending

Consumer spending is the total amount of money spent by households and individuals on goods and services within an economy over a period of time.

Recession

A quick phase of economic reduction, where industrial and trade dynamics slow down, typically delineated by a GDP decrease in two consecutive quarters.

Civil War

A war between groups within the same country or state, often stemming from political, social, or ethnic differences.