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Q.

Choose if the given statement is True/False.


The United States is categorized as a high-income country by the World Bank.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
The United States is categorized as a high-income country by the World Bank. They divide nations into high, middle, and low-income groups. They also defined low-income nations in 2017 as those with an annual income of US$955 or less. Middle-income nations are those with per capita incomes of $1035 US, whereas high-income nations are those with per capita incomes of $12616 US. The World Bank assigns this classification, which is then made public in the World Development Report.
 
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