Question

1. What main criterion is used by the World Bank in classifying different countries? What are the
AS.4 Marks
limitations of the above criterion, if any?​

Answer 1

Answer:

1. What main criterion is used by the World Bank in classifying different countries? What are the

AS.4 Marks

limitations of the above criterion, if any?

Answer 2

Answer:

The criterion used by World Bank: The average income, i.e. per capita income is the main criterion used by the World Bank in classifying different countries.

The limitation of this criterion are:

→ It doesn’t show the distribution of income.

→ It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.