By the World Bank's classification system,Malaysia,Iran,and Brazil are:
A) low-income countries.
B) upper-middle-income countries.
C) industrial economies.
D) backward economies.

Question

Quizplus · Accepted Answer

Malaysia, Iran, and Brazil are all classified as upper-middle-income countries by the World Bank. This means they have a gross national income (GNI) per capita between $4,046 and $12,535. They are not low-income countries (GNI per capita below $1,036) or high-income countries (GNI per capita above $12,535). They are also not classified as industrial economies, which typically refers to countries with a high degree of industrialization and a high level of economic development. The term "backward economies" is not a World Bank classification and is not a relevant term in this context.

By the World Bank's Classification System,Malaysia,Iran,and Brazil Are