according to recent world development report countries which have per capita income of US dollar 12236 per annum are rich countries true or false
Answers
False
Explanation:
(i) World Bank categorises nations according to the Per Capita Income (PCI).
(ii) Nations with PCI of more than US dollars 12616 per annum and above are defined/called as rich nations.
(iii) Nations with PCI less than US dollars 1035 are called/defined as poor nations.
(iv) Nations with income between US dollars 1530 per annum are called/defined as low middle-income nations.
However, there are some limitations of this report
(i) It considers only income and not other aspects such as health, literacy, life expectancy, and so on
(ii) World Development Report (WDR) only tells about income and not in what way it is distributed amongst citizens.
Answer:
False
Explanation:
(i) World Bank categorises nations according to the Per Capita Income (PCI).
(ii) Nations with PCI of more than US dollars 12616 per annum and above are defined/called as rich nations.
(iii) Nations with PCI less than US dollars 1035 are called/defined as poor nations.
(iv) Nations with income between US dollars 1530 per annum are called/defined as low middle-income nations.
However, there are some limitations of this report
(i) It considers only income and not other aspects such as health, literacy, life expectancy, and so on
(ii) World Development Report (WDR) only tells about income and not in what way it is distributed amongst citizens.