The World Bank sorts countries into the following three major groups:
A)high-income economies, middle-income economies, low-spending economies
B)high-spending economies, middle-spending economies, low-spending economies
C)super-high-income economies, middle-income economies, low-income economies
D)high-income economies, middle-income economies, zero-income economies
E)high-income economies, middle-income economies, low-income economies

Question

Quizplus · Accepted Answer

The World Bank sorts countries into high-income economies, middle-income economies, and low-income economies based on their gross national income (GNI) per capita. This classification system is widely used and recognized by both governmental and non-governmental organizations. Therefore, Choice E is the best option as it accurately reflects the World Bank's categorization of countries.

The World Bank Sorts Countries into the Following Three Major