which organisation classifies countries as rich countries and low income countries?
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the World Bank divides the world's economies into four income groups: high, upper-middle, lower-middle, and low.
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The World Bank
When it comes to income , the World Bank divides the world's economies into four income groups: high, upper-middle, lower-middle, and low. The income classification is based on a measure of national income per person, or GNI per capita, calculated using the Atlas method.
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