What is the main criterion used by the World Bank in classifying different countries? i will give you 31 points its urgent
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Answer:
The main criterion used by the World bank in classifying different countries is Per capita income or Average Income. 1) According to world development report, the countries with per capita income of US$ 12, 736 per annum and above in 2013, are called rich countries.
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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.
*Hope It Helps u*
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