How does the World Bank compare the countries? Explain.
Answers
Answer:
Answer: The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. ... It does not tell us about how this average income is distributed among the people in the individual countries.
Explanation:
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In the World Development Indicators database (and most other time series datasets), all 189 World Bank member countries, plus 28 other economies with populations of more than 30,000, are classified so that data users can aggregate, group, and compare statistical data of interest, and for the presentation of key statistics. The main classifications provided are by geographic region, by income group, and by the operational lending categories of the World Bank Group. These groupings change from time to time: these tables provide those currently in use.