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

Question

Quizplus · Accepted Answer

The World Bank sets the upper and lower limits for the categorization of countries according to their levels of income, based on their national income per capita. The World Bank classifies countries as low-income, lower-middle-income, upper-middle-income, or high-income based on this measure. The other organizations listed do not have a direct role in determining these income categories.

The Upper and Lower Limits for the Categorization of Countries