economicsThe World Bank classifies countries based on

The World Bank classifies countries based on


  1. A
    Per-capita income
  2. B
    HDI Index
  3. C
    The amount of food the country consumes.
  4. D
    The literacy rate of the people 

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    Solution:

    The World Bank classifies countries based on per capita income. The World Development Reports, published by the World Bank, uses the criterion of average or per-capita income of the citizens of a country solely to classify countries.
    According to its reports in 2019, countries with a per-capita income of US$ 49300 per annum and above are classified as high-income or rich countries. Accordingly, countries with a per-capita income of US $ 2500 or less are classified as low-income. Our country belongs to the category of low-middle income countries because its per capita income was just US$ 6700 per annum. The rich countries, excluding certain countries like those in the Middle East and other countries with a small geographical area, are generally referred to as “developed countries”.
     
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