What is the main criterion used by the
world Bank in classifying different countries?
What are the limitations of this criterion,
if any ?
Answers
Answered by
2
Answer:
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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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Answered by
1
Answer:
the main criterion used by the world bank to classify different countries is average income or per - capita income . and the limitation is that it is always be calculated in US $
per capita income is the sum of income of all citizens divided by no of population of that country .
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