main criteria used by world bank
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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. Limitations of this criterion: It does not tell us about how this average income is distributed among the people in the individual countries.
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Per capita income is the main criterion used by the World Bank in classifying different countries.
Per capita income is the total income of the country divided by the number of people in that country.
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