When Describing the IMF Broad Country Classification, the Most Accurate

question 81

Multiple Choice

When describing the IMF broad country classification, the most accurate statement is that

• A) about 50 per cent of the world's population lives in the advanced economies and the other 50 per cent lives in the emerging market and developing economies.
• B) most of the nations in Western Europe are considered emerging market economies.
• C) most of the world's population lives in advanced economies.
• D) the category with the greatest number of countries is the advanced economies.
• E) the emerging market economies are countries that were, until the early 1990s, part of the Soviet Union or its satellites.

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Definitions:

Pakistani Culture

A rich and diverse cultural background of Pakistan, encompassing traditions, languages, food, and religious practices that define the country's identity.

Tradition

The passing down of customs, beliefs, and practices from one generation to another, often seen as a key part of cultural identity.

Divinity

Pertains to a religious or spiritual aspect, often referring to the state of being divine or associated with a god or a deity.

Strong Situation

Scenarios where social norms and roles are clearly defined, heavily influencing individual behavior.