Asked by Laura Derhamer on May 08, 2024

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Developing countries (DVCs) can be subdivided into the following groups except

A) low-income economies.
B) high-income economies.
C) lower-middle-income economies.
D) upper-middle-income economies.

High-income Economies

Countries with a high gross national income per capita, according to classification by international financial institutions like the World Bank.

Lower-middle-income Economies

Countries classified by the World Bank based on gross national income (GNI) per capita that are above low-income but below upper-middle-income thresholds.

Upper-middle-income Economies

Nations with a gross national income per capita above a certain threshold set by the World Bank, but below that of high-income economies.

  • Understand the economic classification of countries into various income levels and their respective characteristics.
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Cassie PoulainMay 13, 2024
Final Answer :
B
Explanation :
Developing countries are classified by the World Bank based on their income level. Therefore, they can be subdivided into low-income economies, lower-middle-income economies, and upper-middle-income economies. However, high-income economies are not considered developing countries, so this choice is not applicable.