The upper and lower limits for the categorization of countries according to their levels of income are set by __________.
A) the United Nations
B) the World Bank
C) the International Monetary Fund
D) the World Trade Organization

Question

The upper and lower limits for the categorization of countries according to their levels of income are set by __________.
A) ​the United Nations
B) ​the World Bank
C) ​the International Monetary Fund
D) ​the World Trade Organization

Quizplus · Accepted Answer

The World Bank sets the upper and lower limits for the categorization of countries according to their levels of income. The World Bank classifies countries into four income groups: low, lower-middle, upper-middle, and high income, based on their gross national income (GNI) per capita.

The Upper and Lower Limits for the Categorization of Countries