Question

What is the primary indicator used by the World Bank to classify countries as high-income, middle-income, or low-income?

• A. Total Gross Domestic Product (GDP)
• B. Human Development Index (HDI)
• C. Literacy Rate
• D. Per capita income (GNI per capita)

Answer 1

Answer:

D. Per capita income (GNI per capita)

• The World Bank relies primarily on Gross National Income (GNI) per capita, calculated using the Atlas method, to classify economies.