5 Questions
What is the main difference between absolute poverty and relative poverty?
Absolute poverty compares income against the amount needed to meet basic personal needs, while relative poverty measures a person's living standards compared to others in the same time and place
What percentage of the world's population live on less than $30 per day in PPP dollars?
85%
In 2020, where did more than 40% of the poor live according to the World Bank Group?
Conflict-affected countries
What does relative poverty measure?
A person's living standards compared to others in the same time and place
What is the minimum amount per day on which 10% of the population live in PPP dollars?
$1.90
Study Notes
Poverty Measures
- Absolute poverty: measures poverty in terms of the minimum amount of income required to meet basic needs, usually in terms of a fixed income threshold.
- Relative poverty: measures poverty in relation to the overall distribution of income in a society, usually as a percentage of the median income.
Poverty Statistics
- 43% of the world's population: live on less than $30 per day in PPP (Purchasing Power Parity) dollars.
- More than 40% of the poor: lived in South Asia in 2020, according to the World Bank Group.
- 10% of the population: live on less than $1.90 per day in PPP dollars, which is the minimum amount required to meet basic needs.
Test your knowledge about poverty and its impact on society with this insightful quiz. Explore the causes, effects, and measurement of poverty while gaining valuable insights into this complex social issue.
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