what is the main criterion used by the world bank in classifying different countries? what are the limitations of this criterion. if any?
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The criterion used by World Bank: The average income, i.e. per capita income is the main criterion used by the World Bank in classifying different countries.
The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. Limitations of this criterion: It does not tell us about how this average income is distributed among the people in the individual countries.
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The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country.
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