Which economic parameter is used to …
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Meghna Thapar 5 years, 4 months ago
The World Bank's classification of the world's economies is based on estimates of gross national income (GNI) per capita. Previous World Bank publications might have referred to this as gross national product, or GNP. In the absence of a methodology or a consensus for how to classify countries based on their level of development, some international organizations have used membership of the Organization of Economic Cooperation and Development (OECD) as the main criterion for developed country status.
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