798EconomicsMedium
The World Bank classifies countries into four groups. This classification is based upon:
ALabour force participation rate
BUnemployment rate
CGross National Income per capita
DEconomic growth rate
Correct answer
C. Gross National Income per capita
Explanation
The World Bank categorizes economies based on Gross National Income (GNI) per capita, dividing them into: Low-income countries Lower middle-income countries Upper middle-income countries High-income countries This classification helps in economic comparisons and policy-making.