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Q.

What principal factor does the World Bank utilise to categorise various nations?


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a

Happiness

b

Culture

c

Per capita income

d

None of them 

answer is C.

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Detailed Solution

The per capita income is the principal factor the World Bank utilize to categorize various nations.
The World Bank applies this standard while producing its World Development Reports. In contrast, the average income is calculated by dividing the nation's overall income by its entire population. Per capita income is another name for the mean income. The World Bank employs this criterion to categorise nations in its World Development Reports. High-income or rich countries had a per capita income of at least US$ 49,300 annually in 2019, while low-income countries had a per capita income of US$ 2,500 or less.
 
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What principal factor does the World Bank utilise to categorise various nations?