Question

how on the basis of development different countries can be classified​

Answer 1

Despite shortcomings of per capita income as a measure of development, the World Bank, International Monetary Fund (IMF) and other international agencies consider developed and developing countries in terms of Gross National Income (GNI) per capita. The World Bank classifies different countries of the world on the basis GNI per capita representing their development status. The figures of GNI per capita of different countries used belong to the World Bank fiscal year ending on June 30 of the year.

Answer 2

Answer:

• Least Developed Country
• Developing Country
• Developed Country
• Unavailable Developed Country

• Very Developed Country
• Undeveloped Country