World Bank high-income economy

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/world-bank-high-income-economy

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the primary classification criterion?Economic output per person (GNI per capita)
2. What is the notable exclusion?Vatican City is not classified as a World Bank high-income economy

Gross National Income (GNI) per capita: The total income earned by a country's residents and businesses, divided by its total population.
Atlas method: A World Bank methodology for calculating GNI per capita that uses a three-year average of exchange rates to smooth out volatility.
Developed vs. Developing Economies: Classifications based on a country's level of industrialization, infrastructure, human development, and economic diversification, not solely income.