Which of the Given Nations Would Be Middle-Income Developing Countries

question 263

Multiple Choice

$$\begin{array} { | c | c | } \hline \text { Country } & \text { Per Capita Income, } 2017 \\\hline A & \$ 621 \\\hline B & 14,894 \\\hline C & 31,555 \\\hline D & 3,498 \\\hline E & 2,005 \\\hline\end{array}$$ Which of the given nations would be middle-income developing countries (DVCs) , according to the World Bank?

• A) country E only
• B) countries A, D, and E
• C) countries D and E
• D) country D only

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Definitions:

Optimal Risky Portfolio

The combination of investments that provides the highest expected return for a given level of risk or the lowest risk for a given level of expected return.

Expected Utility

A theory in economics that assesses the utility or satisfaction an agent expects to receive from different outcomes, taking into account their risk preferences.

Less Risk-averse Investors

Less risk-averse investors are those willing to take on greater risks for the potential of higher returns, as opposed to being risk-averse who prefer safer, lower-return investments.

Probability Distribution

A mathematical description of the likelihood of various outcomes from a random event or experiment.