what is the main criterion used by the world Bank
in classifying different countries ? What are the limitations
Of this criterion, If any?
Answers
Answer:
per capita income
Explanation:
The countries having per capita income of US$ 12616 or more are classified as rich countries and those with per capita income of US $1035 or less r classified as poor countries
I HOPE IT WILL HELP YOU
PLZ MARK ME THE BRAINLIEST
Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are:
Per capita income is useful for comparison but it doesn't show the distribution of income.
It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.
Per capita income does not give the true picture as there is a huge population which does not earn at all like children and the senior citizens but they are also included while calculating per capita income. National income rises but its distribution make the rich richer and the poor poorer.