LIC – Low-Income Country

Low-income countries are those that have an average income per person below a figure that is worked out each year by the World Bank. For instance, in 2013 the low-income figure was 1,045 US dollars (or equivalent).

To remember the meaning of the term LIC, use the following mnemonic:

She couldn't afford one lick (LIC) of ice cream because she was from such a low-income country.

NOTE:

Refer to Mammoth Memory remembering numbers before trying to understand the following:

How to remember 1045 dollars is the amount low-income countries are based on in 2013:

Try to imagine that the ice cream from the previous picture dropped on the low-income person's toes.

And in Mammoth Memory's number system:

TOES = 10

Then imagine toilet roll was used to clean the ice cream off her toes.

In the Mammoth Memory number system:

ROLL = 45

When used together:

TOES ROLL = 1045

PLEASE NOTE: This figure is updated every year by the World Bank. As you get closer to your exam you might want to update the figures you will use. We chose 2013 as an example, to show you how easy it can be to remember specific numbers.