Question

State the criterion used by the World Bank as per World Development Report 2012, in classifying the countries. How did the the World Bank define low and high income countries.

Answer 1

The criterion used by the World Bank as per World Development Report 2012, in classifying the countries is through per capita income method.

Answer 2

Answer:

1.World Bank define high and low income countries according to there PER     CAPITA INCOME

2.Countries with per capita income of US $12616 per annum and above called Rich countries.

3. Countries with per capita income of US $1035 or less are called Poor Countries or low income countries

Explanation: