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Q.

According to the World Bank, which one of the following criteria is the basis for comparing and classifying countries?


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a

Per capita income

b

Literacy rate

c

Gross Enrolment ratio

d

Life expectancy 

answer is A.

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Detailed Solution

The World Bank uses the per-capita income to compare and classify countries. Per-capita income is also known as average income, as it is calculated by dividing the total income of a country by its total population. According to the World Bank, rich or developed countries have a per-capita income of USD 12,236 per annum or above. In contrast, poor or underdeveloped or low-income countries have a per-capita income of USD 1,005 per annum or less.
 
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