how did the world bank classified countries? What criterior did they used? What are it's limitation? ( class 10 eco chapter 1)
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It divides countries into four groups—low income, lower middle income, upper middle income, and high income—using gross national income (GNI) per capita valued annually in US dollars using a three-year average exchange rate
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world bank classify countries on the basis of their annual income.Ther use criteria of annual income.
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