question_answer

According to the World Bank, classify the countries of the world into two groups on the basis of per capita annual income.                                                                                                                                   [Al 2008]

Answer:

(i) Low-income Countries: Countries which have per capita income of $825 per annum or less in 2004 (According to World Development Report, 2006).

(ii) Rich Countries: Countries which have per capita income of $10,066 per annum and above in 2004 (According to WDR, 2006).