Why is the total income of countries useful as a criterion for classifying different countries? 3 proper points
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Why is the total income of countries useful as a criterion for classifying different countries? 3 proper points
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Explanation:
Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are:
→ It doesn’t show the distribution of income.
→ It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc.
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