What is the upper limit of GNI per capita for low-income economies as per World Bank?
What is the upper limit of GNI per capita for low-income economies as per World Bank?
[A]$1,045
[B]$945
[C]$860
[D]$1200
$1,045
Each year on July 1, the World Bank revises analytical classification of the world’s economies based on estimates of gross national income (GNI) per capita for the previous year. As of 1 July 2014, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,045 or less in 2013; middle-income economies are those with a GNI per capita of more than $1,045 but less than $12,746; high-income economies are those with a GNI per capita of $12,746 or more.