state the criterion used by world war as per world development report 2012,in classifying the countries. how did the world bank define low and high income countries?
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ᴛʜᴇ ᴄʀɪᴛᴇʀɪᴀ ᴜsᴇᴅ ʙʏ ᴡᴏʀʟᴅ ʙᴀɴᴋ ɪɴ ᴄʟᴀssɪғʏɪɴɢ ᴛʜᴇ ᴄᴏᴜɴᴛʀʏ ɪs ᴛʜᴇ ᴀᴠᴇʀᴀɢᴇ ɪɴᴄᴏᴍᴇ ᴏʀ ᴛʜᴇ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɪɴᴄᴏᴍᴇ ᴏғ ᴛʜᴇ ᴄᴏᴜɴᴛʀʏ.
ᴄᴏᴜɴᴛʀɪᴇs ᴡɪᴛʜ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɪɴᴄᴏᴍᴇ ᴏғ ᴜs $1⃣2⃣7⃣3⃣6⃣(12736)ᴘᴇʀ ᴀɴɴᴜᴍ ᴀɴᴅ ᴀʙᴏᴠᴇ ɪɴ 2⃣0⃣1⃣2⃣(2012) ᴀʀᴇ ʀɪᴄʜ ᴄᴏᴜɴᴛʀɪᴇs.
countries with per capita income of US dollar 1045 or less are called income country
ᴄᴏᴜɴᴛʀɪᴇs ᴡɪᴛʜ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɪɴᴄᴏᴍᴇ ᴏғ ᴜs $1⃣2⃣7⃣3⃣6⃣(12736)ᴘᴇʀ ᴀɴɴᴜᴍ ᴀɴᴅ ᴀʙᴏᴠᴇ ɪɴ 2⃣0⃣1⃣2⃣(2012) ᴀʀᴇ ʀɪᴄʜ ᴄᴏᴜɴᴛʀɪᴇs.
countries with per capita income of US dollar 1045 or less are called income country
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