Economics · Economic Development
The World Bank uses Per Capita Income as the main criterion to classify countries in World Development Reports. What is a major limitation of this approach?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It focuses only on non-material factors like freedom and security.
- 2It can hide disparities in income distribution within the country.✓
- 3It does not take the total income of the country into account.
- 4It is too difficult to calculate for countries with large populations.
Correct answer
It can hide disparities in income distribution within the country.
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