Question

what is the main Criterion used by the World Bank in classifying different countries what are the limitation of this criterion

Answer 1

The main criterion used by the World Bank in classifying different countries: Countries with per capita income of US$ 12616 per annum and above in 2012, are called rich countries and those with per capita income of US$ 1035 or less are called low-income countries.

Answer 2

per capita income


it doesnt indicate the dignity health education qualification of people

it will not indicate the income shared between the rich and the poor