Gross national income per capita in US dollars of upper-middle-income countries as per World Bank classification falls between _______, as of July 2019.

Explanation

The correct answer is 3, 996− 12,375. Key Points Gross national income per capita in US dollars of upper-middle-income countries as per World Bank classification falls between 3, 996− 12,375, as of July 2019. The world's economies are divided into four income groups by the World Bank: low-income, lower-middle-income, upper-middle-income, and high-income countries. Every year on July 1 , classifications are revised based on GNI per capita in current USD from the preceding year. GNI per capita varies for each nation depending on variables including economic development, inflation, currency exchange rates, and population growth. The Special Drawing Rights (SDR) deflator is used which is a weighted average of the GDP deflators of China, Japan, the United Kingdom, the United States, and the Euro Area. Group