Question

how has the world development report classified countries explain the limitations of this report​

Answer 1

Answer:

(i) World Bank classifies countries according to the Per Capita Income.
(ii) Countries with PCI of more than US $ 12616 per annum and above are called rich countries.
(iii) Countries with PCI less than US $ 1035 are called poor countries.
(iv) Countries with income between US $ 1530 per annum are called low middle income countries.
The limitations of this report are :
(i) It considers only income and not other aspects such as literacy, health, life expectancy, etc.
(ii) World Development Report (WDR) only tells about income and not how it is distributed among the citizens.

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Answer 2

Answer:

i) World bank classifies countries according to the per capita income.

ii) Countries with per capita income of more than Rs.453000 or Us $ 12616 per annum and above are called developed or rich countries.

iii) Countries with per capita income

less than Us $ 1035 per annum are called low capital or poor country.

iv)Countries with per capita income of Us $ 1530 per annum are called low middle income country.

Limitations are as follows:

i) It considered only income and not other aspects such as - literacy , health , life expectancy , etc.

ii) World development report (WDR) only tells about income and not how itvis distributed among the citizen

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