Economy, asked by mindm1712, 9 months ago

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 ItzSnowFlake
2

Answer:

HEY MATE!

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 madmaxaditya2004
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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