What main criterion is used by the World Bank in classifying different

1.	What main criterion is used by the World Bank in classifying different counties? What are the limitations of the above criterion, if any?
Answer» 1. The main criterion that is used by the World Bank in classifying different countries is per capita income. 2. It is otherwise called the average income. 3. It is calculated as the total income of the country divided by the total population. 4. It Is a better Indicator of development than the total income of the country. 5. There are limitations in this criterion also. 6. Average Income may be useful for comparison, it hides disparities. 7. It does not tell us how the total income is distributed among people. 8. It does not necessarily convey more equitable distribution.

What main criterion is used by the World Bank in classifying different counties? What are the limitations of the above criterion, if any?

Answer»

1. The main criterion that is used by the World Bank in classifying different countries is per capita income.

2. It is otherwise called the average income.

3. It is calculated as the total income of the country divided by the total population.

4. It Is a better Indicator of development than the total income of the country.

5. There are limitations in this criterion also.

6. Average Income may be useful for comparison, it hides disparities.

7. It does not tell us how the total income is distributed among people.

8. It does not necessarily convey more equitable distribution.