What are the criteria used to Measure the different countries
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Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are: → It doesn't show the distribution of income. → It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.
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Per capita income : When the total national income of the country is divided by its population, we get the per capita income. ...
Life expectancy: It measures the average age of a person in a country. ...
Literacy rate: Education is also one of the most important criteria for the development of a country.
Life expectancy: It measures the average age of a person in a country. ...
Literacy rate: Education is also one of the most important criteria for the development of a country.
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