MGTA01H3 Chapter 5: Chapter 5
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MGTA01H3 Full Course Notes
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=> imports: products that are made or grown abroad and sold in canada. => exports: products made or grown in canada that are sold abroad. => per capita income: the average income per person of a country. The contemporary world economy revolves around three major market-places: north america, High income countries are countries with per capita income greater than us ,065. The list includes canada, the u. s, most countries in europe, australia, japan, south korea, kuwait, the. United arab emirates, israel, singapore, hong kong and taiwan. Upper-middle income countries are those with per capita between us and us , 065, include the czech slovakia, greece, hungary, poland, turkey, most countries comprising the former soviet bloc, mexico, argentina and south africa. Low middle income countries are those with per capita between u. s and u. s . Among the countries in this group are colombia, guatemala, samoa, and thailand.
