The World Bank classifies nations into four economic categories:
A)upper,middle,working,and lower
B)developed,developing,transitioning,underdeveloped
C)postindustrial,industrial,agrarian,horticultural
D)high-income,upper-middle,lower-middle,and low economies

Question

Quizplus · Accepted Answer

The World Bank categorizes nations based on their gross national income per capita into four economic categories: high-income economies, upper-middle-income economies, lower-middle-income economies, and low-income economies. This classification system is widely used and recognized in the field of economics. Option A and C are incorrect as they do not accurately represent the World Bank's classification system, while option B is somewhat similar but does not include the specific income categories used by the World Bank.

The World Bank Classifies Nations into Four Economic Categories