After the 1992 U.N. Conference on Environment and Development in Rio de Janeiro, terms such as underdevelopment have largely been dropped and economies are now classified by their __________.
A) material well-being
B) levels of economic development
C) levels of income
D) standard of living

Question

After the 1992 U.N. Conference on Environment and Development in Rio de Janeiro, terms such as underdevelopment have largely been dropped and economies are now classified by their __________.
A) ​material well-being
B) ​levels of economic development
C) ​levels of income
D) ​standard of living

Quizplus · Accepted Answer

Economies are now classified by their levels of income, which is a more specific and measurable criterion than the broader and more subjective terms like underdevelopment.