Income Level of a Country

THIS IS THE THIRD GRADED THOUGHT ESSAY1. Make sure you have appropriate citations from peer reviewed sources2. Include a Word count at the end of the Essay (500 words not including the data tables)3. Write and revise at least once before you post here.Please go to the World Bank Web page (linked below), and find out the following data for any two low income countries, and any two middle income countries for the years: 1990, 2000 and 2018. Mention the country names, and what their income level is clearly in your post.Countries are classified (by the World Bank) as low, or middle income based on the Per Capita Real GDP.For example, If I pick USA and Mexico, I would write: USA (High Income), Mexico (Upper Middle- Income)Step 1: (2 points)Find out what the current definition is, and list the income level for a country to be classified as low income or middle income before you proceed. If the country you picked does not have information for 2 out of the 3 years, please pick a different country. 2: Get the following data for the countries you picked and make a chart. (12 points, 1 point for each correct datum)Life expectancy at birth 1990 2000 2018Percentage of population living in povertyPer capita gdp(current US $)GDP growth rate1. Life Expectancy at Birth2. Percentage of Population living in Poverty3. Per Capita GDP (Current US $)4. GDP growth rateStep 3: (11 points)Once you have the above data, write a short summary using economic concepts for each country. You need to discuss why the country has done better off or worse off between the three decades of data you gathered. You should not just describe the data in words. You need to use two additional indicators from the world bank database to bolster your argument. Negative Points:⦁ 1 point penalty for each incorrect datum.⦁ 2 point penalty for each country incorrectly classified.⦁ 1 point penalty for missing word count.First step to critical thinking-ask questions•State the problem•elaborate. Explain or define the thesis from step one in your own words.•exemplify (give examples)•illustrate (it’s like…)

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