Which Number Does the World Bank Use to Determine the Status

question 4

Multiple Choice

Which number does the World Bank use to determine the status and classification of each nation?

• A)Gross National Income per Capita
• B)Gross Domestic Product
• C)Purchasing Power Parity
• D)Organization for Economic and Cooperative Development data

---

Definitions:

Cost of Goods Sold

Expenses directly incurred from the production of a company's sold goods, involving the cost of labor and materials.

General and Administrative Costs

Expenses related to the day-to-day operations of a business that are not directly linked to production or sales.

Gross Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold; it measures how efficiently a company uses its labor and supplies in production.

Cost of Goods Sold

Refers to the immediate expenses related to manufacturing products that a business sells.