Question

state the criterion used by world bank. world bank report 2017,in classifying the countries. how did the world bank define low-and-high income countries (based on report )? class 10​

Answer 1

Answer:

The criterion used by World Bank: The average income, i.e. per capita income is the main criterion used by the World Bank in classifying different countries.

Explanation:

In the World Development Indicators database (and most other time series datasets), all 189 World Bank member countries, plus 28 other economies with populations of more than 30,000, are classified so that data users can aggregate, group, and compare statistical data of interest, and for the presentation of key statistics. The main classifications provided are by geographic region, by income group, and by the operational lending categories of the World Bank Group. These groupings change from time to time: these tables provide those currently in use.