Question

what are the criterions used by the world bank in classifying different countries? explain its limitations?

Answer 1

Answer:

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Answer 2

Hi mate

The average income, that is per capita income is the main criterion used by the World Bank in classifying different countries. (a) It covers only the economic aspect ignoring factors like infant mortality rate, literacy rate, no attendance ratio for class I-V, etc., which are important indicators for development.

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