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Asked: January 30, 20252025-01-30T10:24:15+00:00 2025-01-30T10:24:15+00:00In: Railway NTPC

According to the World Development Report, countries having per capita income of more than US$12,000 per annum as of 2016 are called:

A) Developing countries

B) Rich countries

C) Emerging economies

D) Underdeveloped countries

Answer: B) Rich countries
Explanation: Countries with a per capita income of more than US$12,000 per annum are classified as rich countries.