In the World Development Report, brought out by the World Bank, which criterion is used in classifying countries?

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Net income

Gross income

Per capita income

Gross domestic product

answer is C.

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Detailed Solution

In the World Development Report, brought out by the World Bank, Per capita income is used in classifying countries.
In comparing different countries, income is considered the essential attribute. Per capita income, also known as average income, is the measure used by the World Bank to classify countries as developed, developing, or underdeveloped to understand the phase of economic growth and development worldwide. It is calculated by dividing the total income of a country by the total number of people. The calculation is that when the average income is considered, it is not counted based on the country's currency. It is counted based on dollar value. This is because the dollar is a widely expected currency, meaning it is considered the medium of any international exchange.

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