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Unformatted text preview: s of problems when it comes to measuring poverty because it is based on the average income and does not take into account inequality among citizens. The spending of money in each country is different such as the cost of living and the cost of products. Purchasing Power Parity (PPP) – the purchasing price of the same baskets of good in different countries It takes into account the cost of living to compare countries and how income it spent other factors that should be taken into account when it comes to development such as human development index, life expectancy etc. Human Development Ind...
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- Fall '12