Question

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Answer 1

Answer:

(i) World Bank classifies countries according to the Per Capita Income.  

(ii) Countries with PCI of more than the US $12616 per annum and above are called rich countries.  

(iii) Countries with PCI less than the US $1035 are called poor countries.  

(iv) Countries with income between the US $1530 per annum are called low middle-income countries.

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