The World's Economies Can Be Divided into Four Main Categories

question 35

Multiple Choice

The world's economies can be divided into four main categories according to their annual per-capita income levels: low-income, lower middle-income, upper middle-income and high-income economies. What category would the smaller Latin American and Caribbean countries fall under?

• A) low-income
• B) upper middle-income
• C) high-income
• D) lower middle-income
• E) Smaller Latin American and Caribbean countries fall between low income and lower middle-income economies.

---

Definitions:

Retroactive Interference

Occurs when new information hinders the ability to remember older information.

Chunking

A memory technique that involves grouping information into manageable and meaningful units to enhance retention and recall.

Short-Term Memory

A component of memory where small amounts of information can be stored for a brief period of time.

Capacity

is the maximum amount that something can contain or the ability of an individual or entity to perform tasks or roles.