What is the main criterion used by the World Bank in classifying different
countries? What are the limitations of the above criterion, if any? (AS)
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Answered by
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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 the distribution of income.
→ It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.
Answered by
4
Answer:
per capita is the main criterion by world Bank in classifying different countries as developed or not .
limitations:
countries with percapita income US$12,055 and above are called high income country or rich country . countries with percapita income of US$ 995 0r below are called low income countries
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