Question

what is the main norm used by world bank in classification diffrent countries as rich or poor ? what are its limitations?

Answer 1

Answer:

Average income or per capita income is the main domain used by the World Bank in classifying different countries as rich and poor countries.

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 distribution of income. → It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.