Question

Classify development level

Answer 1

ACCORDING TO THE WORLD BANK CLASSIFICATION  

(i) low income countries are those with GNI per capita of $ 1035 or less in 2012 (the latest year which is presently available .

(ii) Middle income countries are those with GNI per capita more than $ 1035 but less than $ 12,616.

Middle income countries are further divided into:

(a) Lower middle income economies and

(b) Upper middle income economies.

(iii) High income economies which have GNI per capita of $ 12, 616 or more.