Question

What is the main criterian used by the world Bank in classifying countries? What are the limitations of this criterian, if any?.​

Answer 1

Explanation:

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 distribution of income. It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.

Answer 2

Explanation:

The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. Limitations of this criterion: It does not tell us about how this average income is distributed among the people in the individual countries.