Question

according to world development report 2004 low income countries are those which have per capita income​

Answer 1

Answer:

The criterion of average income, also known as per capita income is used in classifying countries. ... Thus, Countries having per capita the income of Rs 4,53,000 p.a. and above in 2004 are known as rich countries. Those with per capita income of Rs 37000 or less are known as low-income countries.