What is the main criteria used by the world Bank in classifying different countries
priyanshi52:
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(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.
(b) This method also does not provide us the distribution different levels of income.
(b) This method also does not provide us the distribution different levels of income.
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Hiiii.....
Here is ur answer☺️
1) Per Capita Income criterion is used by the World Bank in classifying different countries.
2)Countries with per capita income of rs.4,53,000 & above per annum are called rich countries.
3) Countries between 4,53,000& 37,000 per annum are called middle income countries.
4) Those countries with PCI of 37,000 or less are called low income countries.
5) While average income is useful for comparison, it does not tell us how this income is distributed among people.
Here is ur answer☺️
1) Per Capita Income criterion is used by the World Bank in classifying different countries.
2)Countries with per capita income of rs.4,53,000 & above per annum are called rich countries.
3) Countries between 4,53,000& 37,000 per annum are called middle income countries.
4) Those countries with PCI of 37,000 or less are called low income countries.
5) While average income is useful for comparison, it does not tell us how this income is distributed among people.
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