Which of the following economic indicators is used by the World Bank to classify countries as industrial or emerging economies?
A)GDP
B)Rate of inflation
C)Net exports
D)Per capita income
E)Budget deficits

Question

Quizplus · Accepted Answer

The World Bank uses per capita income to classify countries as either industrial or emerging economies. Specifically, for the fiscal year 2021, countries with a gross national income (GNI) per capita of $12,536 or more are classified as high-income or industrialized economies, while countries with a lower GNI per capita are classified as low-income or developing/emerging economies.

Which of the Following Economic Indicators Is Used by the World