Using the World Bank's classification,____________ refer to low and middle-income countries while ____________ refers to high income countries.

Question

Quizplus · Accepted Answer

The World Bank classifies countries based on their income level. Developing economies refer to low and middle-income countries while developed economies refer to high-income countries. Therefore, option C correctly identifies the classification of countries according to the World Bank. The other options either mix up the two categories or add a third category, newly industrialized economies, which is not part of the World Bank's classification.

Using the World Bank's Classification,____________ Refer to Low and Middle-Income