Chapter
25W
The
Economics
of
Developing
Countries
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LO1
Classifications
Industrially
advanced
countries
High
income
nations
Well-developed
market
economies
Per
capita
income
$38,745
in
2010
Developing
countries
Middle
income
nations
Low
income
nations
Wide
variation
in
income
per
capita
LO1
25W-2
LO1
Comparisons
U.S.
GDP
$14.6
trillion
Combined
GDP
of
DVCs
$20
trillion
U.S.
has
4.5%
of
population
but
produces
23.1%
of
world’s
output
U.S.
per
capita
GDP
is
127
times
that
of
Democratic
Republic
of
the
Congo
Walmart’s
annual
revenue
is
greater
than
all
but
23
nations’
GDP
LO1
25W-3