Question

Find out the per capita income level of middle-income countries as per World Development Report, 2012.

Answer 1

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Answer 2

Income level of middle-income countries:

According to the World development report in the year 2012, the per capita income of middle-income countries is categories into two namely lower-middle-class economies and upper-middle economies.

Per capita income level of lower-middle countries ranges from 1026 dollars to 4035 dollars. 'Per capita income' of upper-middle countries ranges from 4036 dollars to 12,475 dollars.

Capita income is estimated as the average income of the area by dividing the total population. India, Bangladesh comes under lower-middle countries according to WD report. China and Brazil come under upper-middle countries.