Question

Assume that the per capita income of Brazil is USD 12,546.
Based on the World Bank's classification of countries on the basis of per capita income, in which category does Brazil fall?

• A. Low-income countries
• B. Lower-middle-income countries
• C. High-income countries
• D. Higher-middle-income countries

Answer 1

The correct option is C High-income countries

With respect to per capita income , the World Bank broadly classifies countries in the following categories:
1) Low-income countries (< 1,035)
2) Lower-middle-income countries (1,036–4,045)
3) Higher-middle-income countries (4,046–12,535)
4) High-income countries (> 12,536)
(All values in USD)