Question

why world bank use per annum for calculation of devloment
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Answer 1

World bank uses Per capita income to calculate development. The per capita income is measured in dollars. According to its report in 2012, the countries with $12,600 are termed as high income countries and countries with $1,035 and below are termed as low income countries. It compares the per capita income of one country with another country which helps in measuring the development. But it also hides disparities like it doesn’t show equitable distribution of income among the people of the country and the distribution of development