which criterions is basics to measure development of a country according to world bank
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Hii frnd here is ur answer.
1) Per Capita Income criterion is used by the World Bank in classifying different countries.
2)Countries with per capita income of rs.4,53,000 & above per annum are called rich countries.
3) Countries between 4,53,000& 37,000 per annum are called middle income countries.
4) Those countries with PCI of 37,000 or less are called low income countries.
5) While average income is useful for comparison, it does not tell us how this income is distributed among people.
HOPE DIS HELPS!!!!!!!!
1) Per Capita Income criterion is used by the World Bank in classifying different countries.
2)Countries with per capita income of rs.4,53,000 & above per annum are called rich countries.
3) Countries between 4,53,000& 37,000 per annum are called middle income countries.
4) Those countries with PCI of 37,000 or less are called low income countries.
5) While average income is useful for comparison, it does not tell us how this income is distributed among people.
HOPE DIS HELPS!!!!!!!!
Answered by
1
Answer:
The World Bank uses the Per capita Income as a method to measure the development of a country. Under World Bank, developed countries are those whose per capita income is $ 12616 per annum …
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