Question

According to the world bank ,classify the countries of the world into group on the basis of per capita annual income?​

Answer 1

Explanation:

The average of per capita income is the main criterion for comparing a developed economy with an under developed economy

According to world bank countries whose per capita income is more than US$12616 is considered to de a rich country

The country whose per capita income is less than US$1035 is called low income country

India is a low middle income country

Answer 2

Countries with per capita income above Rs 4,53,000 per annum were considered to be high income countries and with Rs 37,000 or less were considered to be low income countries. According to world bank countries whose per capita income is more than US$12616 is considered to de a rich country.