Famous poverty line

Means extreme poverty how the 1 a day poverty line is

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ’s poorest 15 countries Was revised to be $1.25 a day It corresponds to what it takes to just stay afloat throughtout the world ! means extreme poverty How the $1 a day poverty line is constructed GDP/capita National poverty lines for as many counties as possible (in their own local currencies) Exchange rates: convert into 1 currency ($) with PPP ! care about standard of living Choose the international poverty line Median poverty line of the world’s poorest 10 countries in about $1 a day Take median or mean of the poorest ! something like $1.25 per day Convert this into a local poverty line Convert back to local curre...
View Full Document

This document was uploaded on 03/28/2014 for the course INAF 252 at Georgetown.

Ask a homework question - tutors are online