According to the World Bank, what are the GNP per capita thresholds that define low-income, middle-income, and high-income countries?

Multiple choice question for The Meaning and Measurement of Economic Development. Select an option, then review the explanation below.

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Below $900, between $900 and $9,000, and above $9,000Under $5,000, from $5,000 to $15,000, and over $15,000Less than $100, ranging from $100 to $1,000, and exceeding $1,000Under $5,000, from $5,000 to $150,000, and above $150,000

Explanation

The World Bank classifies countries based on GNP per capita as follows: low-income countries have less than $900, middle-income countries range from $900 to $9,000, and high-income countries have more than $9,000. This classification helps in economic analysis and policy formulation.

Practice related questions from the same subject.

According to the World Bank, what are the GNP per capita thresholds that define low-income, middle-income, and high-income countries?

Explanation

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