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Urgent 9) If the real GNI per capita of Country A is USD 4,960, how will the World Bank classify this country? A. Low-income country.
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9) If the real GNI per capita of Country A is USD 4,960, how will the World Bank classify this country?
A. Low-income country.
B. Low-middle-income country.
C. Upper-middle income country.
D. High-income country.
10) According to Rostows growth model, the developing countries had to follow which of the following rule in order to accelerate economic growth?
- Accumulation of well-trained and educated workforce.
- Abundant surplus labour.
- Mobilisation of domestic and foreign saving (including foreign aid).
- Undergo fundamental institutional reform.
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