Problem
1. What is the difference between industrially advanced countries (IACs) and less-developed countries (LDCs)? List five IACs and five LDCs.
2. Explain why GDP per capita comparisons among nations are not a perfect measure of differences in economic well-being
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.