Question

what is the main main criterion used by the World Bank in classifying different countries? what are the limitations of their criterion, if any?​

Answer 1

Answer:

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: ... Two countries with the same per capita income might be very different with regard to income distribution.

Answer 2

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.