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What is the per capita income level of middle-income countries as per World Development Reports? |
Answer» Answer:Per capita INCOME or average income measures the average income earned per person in a given area in a specified year. _______________________It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size. _______________________As of 1 July 2019, low-income economies are defined as those with a GNI per capita, calculated using the WORLD Bank Atlas METHOD, of $1,025 or less in 2018; lower middle-income economies are those with a GNI per capita between $1,026 and $3,995; UPPER middle-income economies are those between $3,996 and $12,375. ________☆☆☆☆________I hope it will help you..please give thanks.. |
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