Question: Chapters 1 - 10: What Does Extreme World Poverty Look Like? 15 Points Possible Global poverty is one of the very worst problems that the


Chapters 1 - 10: What Does Extreme World Poverty Look Like? 15 Points Possible "Global poverty is one of the very worst problems that the world faces today" (https:// ourworldindata.org/ extreme-poverty). With a variety of definitions of what "poverty" actually means, the main source of "official" statistics related to poverty around the world comes from the World Bank, which is a part of the United Nations. Individuals living in "Extreme Poverty" include those who live on less than $1.90 per day (in International Dollars), as defined by the World Bank. This is currently (as of 17 April 2022) equal to $2.05 USD. Per day. That comes out to $748.25 a year in USD. The data we are going to work first will be the proportion of individuals in each country living below the extreme poverty line. Each value is therefore a percentage of the total population. We will also work with something called the "poverty gap index," which measures "the fraction of the poverty line that people are missing, on average, to escape poverty". Be aware that "the fact that the World Bank poverty estimates are only imperfect approximations does not mean that these are meaningless or useless numbers-it means that they should be used as one more source of information to assess living standards" (https:/ /ourworldindata.org/ extreme-poverty#what-are-the-main-limitations- of-world-bank-poverty-estimates). Focus
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
