Based on the income model, what is the classification of Taiwan, South Korea, and Brazil?
A) Taiwan is a high-income nation while South Korea and Brazil are low-income nations.
B) All three nations are middle-income nations.
C) Taiwan and South Korea are middle-income nations and Brazil is a low-income nation.
D) All three are low-income nations.

Question

Quizplus · Accepted Answer

Taiwan and South Korea are considered high-income economies, while Brazil is classified as an upper-middle-income economy according to the World Bank's income classifications.

Based on the Income Model, What Is the Classification of Taiwan