Countries with per capita income of US Dollars 12056 per annum and above in 2017 are called rich countries and - Social Science - Development

Question

Countries with per capita income of US Dollars 12056 per annum and
above in 2017 are called rich countries and those with per capita
income of US dollars 955 or less are called low income countries
state if it is true or false

Madhumita Das · Accepted Answer

Dear student, The above mentioned statement is true The World Bank
uses per capita income as the criteria to classify countries as
rich or low income countries Regards

Countries with per capita income of US Dollars 12056 per annum and above in 2017 are called rich countries and those with per capita income of US dollars 955 or less are called low income countries state if it is true or false