Question

what are the main criterian used by the world bank in classifing different countries

Answer 1

The main criteria used by world bank in classifying different countries is their average income( or per capita income). Countries with the per capita income of US$ 12736 per annum and above in 2013,are called rich countries and those with the per capita income of US$ 1045 or less per annum are called low income countries.

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