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

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Total income

Net income

Per capita income

Limited income

answer is C.

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Detailed Solution

In World Development Reports, brought out by the World Bank, per capita income is used in Classifying countries.
The World Bank's economies are divided into four income groups: low-income, lower-middle-income, upper-middle-income, and high-income nations. Each year on July 1, the categories are revised based on GNI per capita in current USD. The average or per capita income is calculated by dividing the nation's total income by population. Wealthy nations had a per capita income of US$ 12616 or more in 2012, while low-income countries have a per capita income of US$ 1035 or less. India is under the low- to middle-income group because the country's per capita income in 2012 was only US$1530.

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