Nations are commonly classified as being either developed, newly industrialized, or developing.

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This statement is true. Countries are typically categorized into three groups based on their level of economic development: developed, newly industrialized, and developing. Developed countries have high levels of economic growth and generally high standards of living, while developing countries are typically less affluent and have lower levels of industrialization and infrastructure. Newly industrialized economies are countries that are in the process of transitioning from being developing to being developed.

Nations Are Commonly Classified as Being Either Developed, Newly Industrialized