What is the criterion used by the world bank in classifying different countries?

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Per capita income

National development

Poverty

Food security

answer is A.

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Detailed Solution

Per capita income is the criterion used by the world bank in classifying different countries. To determine per capita income, the total national income of a nation is divided by the whole population of that nation. The amount of money made per person in a specific location is known as the per capita income. It helps us handle concerns like the standard of living and the living circumstances that may be anticipated in particular places. It is determined by dividing a nation's national income by its population. The World Bank determines the per capita income of various nations in US dollars rather than their currencies to make comparisons easier. Countries with a per capita income of US$ 955 or less are considered underdeveloped, while US$ 12056 is considered a developed country.

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