The world's economies can be divided into four main categories according to their annual per-capita income levels: low-income, lower middle-income, upper middle-income and high-income economies. What category would the smaller Latin American and Caribbean countries fall under?

Question

Quizplus · Accepted Answer

Smaller Latin American and Caribbean countries, on average, would fall under the category of lower middle-income economies. These countries have an annual per-capita income between $1,026 and $4,035.

Option E is incorrect as it suggests these countries fall between low-income and lower middle-income economies, which is not a recognized category.

The World's Economies Can Be Divided into Four Main Categories