If you were to employ the World Bank economic categories to classify Brazil,Denmark,Nigeria,and Chile,which of the following categories would you use?

Question

Quizplus · Accepted Answer

The World Bank economic categories are based on income levels, and they divide countries into four categories: low-income, lower-middle income, upper-middle income, and high-income economies. Brazil and Chile are both considered upper-middle income countries, Denmark is considered a high-income country, and Nigeria is considered a lower-middle income country. Therefore, the best choice is B.

If You Were to Employ the World Bank Economic Categories