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Which countries according to the world development report 2006, are called rich countries and low income countries?
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Which countries according to the world development report 2006, are ca...
According to the World Development Report brought by the World Bank in 2006, the following criterion is used to classify countries.

1.Countries with per capita income of 4,53,000 per annum and above in 2004 has been considered as rich countries whereas countries with per capita income of 37,000 per annum or less are called low- income countries.U.S, Japan etc are rich countries whereas India with a per capita income of 28,000 per annum in 2004 falls in the category of low- income countries.
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Which countries according to the world development report 2006, are ca...
World bank has authority to classify the countries on the basis of development. World development reports are bought by the world bank which is used for the classification of a country.world bank classifies countries according to per capita income. Countries with pci of more than us$12616 per annum and above are called rich or developed country. Countries with pci less than us$1035 are called poor country or underdeveloped. And countries with pci between them are called low mid country or developing country
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Which countries according to the world development report 2006, are ca...
Rich Countries and Low-Income Countries according to the World Development Report 2006

The World Development Report 2006 categorizes countries into different income groups based on their gross national income (GNI) per capita. These groups include low-income, lower-middle-income, upper-middle-income, and high-income countries. The report helps to analyze the economic status and development progress of nations around the world.

Below, we discuss the countries classified as rich and low-income according to the World Development Report 2006:

Rich Countries:
Rich countries, also known as high-income countries, are those with a higher GNI per capita. These nations generally have a well-developed infrastructure, advanced technology, and high standards of living. Some of the countries classified as rich in the World Development Report 2006 include:

1. United States: As one of the world's largest economies, the United States has a high GNI per capita, reflecting its prosperous status.

2. Germany: Known for its strong export-oriented economy, Germany is considered one of the wealthiest nations globally.

3. United Kingdom: The United Kingdom has a diverse economy, including sectors such as finance, manufacturing, and services, contributing to its high-income status.

4. Japan: With advanced technology and a highly skilled workforce, Japan is recognized as one of the richest countries in the world.

5. Australia: Australia's rich natural resources and thriving industries contribute to its high GNI per capita.

Low-Income Countries:
Low-income countries, also referred to as developing or least developed countries, are characterized by lower GNI per capita and face significant economic challenges. These nations often struggle with poverty, limited access to education and healthcare, and infrastructure deficiencies. Some examples of low-income countries identified in the World Development Report 2006 are:

1. Afghanistan: Affected by decades of conflict and political instability, Afghanistan is classified as a low-income country with numerous development challenges.

2. Ethiopia: Despite recent economic growth, Ethiopia remains one of the least developed nations, grappling with poverty and inadequate infrastructure.

3. Haiti: As one of the poorest countries in the Western Hemisphere, Haiti faces numerous socioeconomic challenges, including high poverty rates and limited access to basic services.

4. Sierra Leone: Sierra Leone has a low GNI per capita due to the impact of the civil war and the Ebola epidemic, which severely affected the country's socioeconomic development.

5. Democratic Republic of Congo: Despite its vast natural resources, the Democratic Republic of Congo is classified as a low-income country due to ongoing conflicts, corruption, and poor governance.

It is important to note that the classification of countries as rich or low-income may vary over time as economic circumstances change. The World Development Report 2006 provides valuable insights into the economic status of countries at a specific point in time, helping policymakers and researchers understand the global development landscape.
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Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. According to the World Development Report 2006, countries with per capital income of ₹4,53,000 per annum and above in 2004 are called

Read the source given below and answer the questions by choosing the most appropriate option:Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, the greater income itself is considered to be one important goal. Now, what is the income of a country? Intuitively, the income of the country is the income of all the residents of the country. This gives us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with a per capita income of US$ 49,300 per annum and above in 2019, are called high income or rich countries and those with a per capita income of US$ 2500 or less are called lowincome countries. India comes in the category of low middle-income countries because its per capita income in 2019 was just US$ 6700 per annum. The rich countries, excluding countries of the Middle East and certain other small countries, are generally called developed countries.According to the World Development Report 2006, countries with per capita income of 4,53,000 per annum and above in 2004 are called

Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. What is the main criterion used by the World Bank in classifying different countries?

Read the source given below and answer the questions that follows:For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, greater income itself is considered to be one important goal. The income of the country is the income of all the residents of the country. This give us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population.The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with per capita income of US$ 12,056 per annum and above in 2017, are called rich countries and those with per capita income of US$ 955 or less are called low-income countries. India comes in the category of low middle income countries because its per capita income in 2017 was just US$ 1820 per annum. The rich countries, excluding countries of Middle East and certain other small countries, are generally called developed countries.Human Development Report published by UNDP compares countries based on the educational levels of the people, their health status and per capita income.Q. The compares the development of the countries on the basis of literacy rate, gross enrolment ratio and health status of their people.

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Which countries according to the world development report 2006, are called rich countries and low income countries?
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