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Q.

Countries with Rs. ____or less are termed as poor countries.


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Detailed Solution

Countries with Rs. 37,000 or less are termed poor countries.
This criterion is used to group nations according to the World Development Reports published by the World Bank. The term "low-income nations" refers to those with a per capita income of Rs. 37,000 or less. Rich nations are often referred to as developed nations, except for Middle Eastern nations and a few other tiny nations. Per capita income can be wrong to classify poor or rich countries due to extremes like high populations. This kind of comparison does not show the correct image of how much the government is developed. The human development index offers much better insights into development and how to measure growth.
 
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