Question

In which way World Bank measure the development of the country

Answer 1

Answer:

when it comes to income,the world bank divides the world's economies into four income groups : high, upper-middle , lower-middle and low. the income classification Is based on a measure of national income per person, or GNI per capita calculated using atlas method.

Answer 2

The World Bank uses the Per capita Income as a method to measure the development of a country.

Under World Bank, developed countries are those whose per capita income is $  12616 per annum or more and less developed countries are those whose per capita income is $ 1035 or less per annum.