If you were to use the World Bank economic categories to classify Brazil,Denmark,Nigeria,and Chile,which of the following categories would you use?
A) underdeveloped,developing,and developed nations
B) low-income,lower-middle income,upper-middle income,and high-income economies
C) first,second,third worlds
D) human development index categories

Question

Quizplus · Accepted Answer

The World Bank economic categories classify countries based on their gross national income per capita. Brazil and Chile are upper-middle income economies, Denmark is a high-income economy, and Nigeria is a lower-middle income economy. Therefore, using the low-income, lower-middle income, upper-middle income, and high-income economies category is the best choice. The other options listed are outdated or not specific enough for the classification of these four countries.

If You Were to Use the World Bank Economic Categories