Which World Bank income group is defined by a GNI per capita around 2,074 to 7,604 in 2013?

Which World Bank income group is defined by a GNI per capita around 2,074 to 7,604 in 2013?

• A. Low income
• B. Upper middle income
• C. High income
• D. Lower middle income

Answer: (B)

World Bank income groups classify economies by GNI per capita (Atlas method). In 2013, roughly, low income was up to about 1,045; lower middle ran from about 1,046 to 4,085; upper middle from about 4,086 to 12,745; and high income above about 12,745. The range given, about 2,074 to 7,604, sits in the middle-income band. The lower end falls into lower middle, while the upper end sits well within upper middle. Since a country with a GNI per capita around 7,604 clearly falls into the upper middle category, that is the best single fit for this range. High income would require well over 12,000, and low income would be under about 1,000, so those options don’t align with the numbers.

World Bank income groups classify economies by GNI per capita (Atlas method). In 2013, roughly, low income was up to about 1,045; lower middle ran from about 1,046 to 4,085; upper middle from about 4,086 to 12,745; and high income above about 12,745.

The range given, about 2,074 to 7,604, sits in the middle-income band. The lower end falls into lower middle, while the upper end sits well within upper middle. Since a country with a GNI per capita around 7,604 clearly falls into the upper middle category, that is the best single fit for this range. High income would require well over 12,000, and low income would be under about 1,000, so those options don’t align with the numbers.