There are 2.4 billion people are in severe poverty with less than $2 of income per day.
Question:
There are 2.4 billion people are in “severe” poverty with less than $2 of income per day.
(a) What is the maximum combined income of this “severely” poor population?
(b) What percentage of the world’s total income (roughly $75 trillion) does this represent?
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a 1752 trillion per year b 23 percent Feedback a The maximum combined incom...View the full answer
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Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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