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

question 45

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 Pakistan and India fall under?

• A) low-income
• B) upper middle-income
• C) high-income
• D) lower middle-income
• E) Pakistan and India fall between lower-middle and upper-middle.

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Definitions:

Dynamic System

A system characterized by constant change, activity, or progress, often used to describe natural or social systems that evolve over time.

Deductive Reasoning

A judgment-making process in which the outcome depends on the compatibility of several premises presumed to be factual.

Theory-Theory

The idea that children attempt to explain everything they see and hear by constructing theories.

Scaffolding

An educational approach of providing temporary support to help learners progress toward stronger understanding and greater independence in the learning process.