Which of the Following Nations Fall in the Lower-Middle-Income Category

question 6

Multiple Choice

Which of the following nations fall in the lower-middle-income category?

• A)Burundi
• B)Bangladesh
• C)China
• D)Venezuela
• E)none of the above

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Definitions:

Tariffs and Trade

Taxes imposed on imported goods, often used by governments to protect domestic industries from foreign competition and generate revenue.

Multilateral Forum

An international platform where multiple countries come together to discuss and negotiate issues of mutual interest.

Underconsumption

A situation where consumption is lower than the level that would provide full employment in the economy, often leading to economic downturns.

Income Disparity

The uneven distribution of income across different groups within a society.