The World Bank Classifies Nations as Low Income,lower Middle Income,upper

question 14

Multiple Choice

The World Bank classifies nations as low income,lower middle income,upper middle income,or high income based on their per person gross national income,or GNI-a number that reflects the average income in those nations.Why might sociologists find this form of classification problematic?

• A) Making cross-national comparisons of income ignores the role of culture in making some groups used to poverty.
• B) Because the number is an average of incomes in a country,it can mask inequality within a specific nation.
• C) Global economic comparisons need to take into account the mode of production in every given nation.
• D) Too many people lie about their incomes to make the number useful.

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Definitions:

Rats

Small mammals known for their sharp teeth, keen sense of smell, and often considered pests in many societies, but also used extensively in scientific research.

Utility Functions

Functions that quantify the satisfaction a consumer derives from consuming quantities of goods and services, used in economic analysis to understand consumer behavior.

Rats

Small to medium-sized rodents known for their sharp teeth and adaptability, often used in scientific research or considered pests.

Utility Function

A mathematical representation that ranks preferences or satisfaction levels of an individual or household for different bundles of goods and services.