class 9 economics
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Answers
Answer:
1. Based on information about basic needs collected from 15 low-income countries, the World Bank defines the extreme poor as those living on less than $1.90 a day. However, because more people in poverty live in middle-income, rather than low-income, countries today, higher poverty lines have been introduced.
2. On the basis of these calculations for the year 2000, the poverty line for a person was fixed at ₹ 328 per month for the rural areas and ₹ 454 for the urban areas. Despite less calorie requirement the higher amount for urban areas is because of the high prices of many essential products in urban centres.
Explanation:
1. Today, less than 10 percent of the world population lives in extreme poverty. Based on information about basic needs collected from 15 low-income countries, the World Bank defines the extreme poor as those living on less than $1.90 a day.
2. Despite of low calorie requirement urban areas have higher poverty line because of the higher price of products in the urban centres. The price of many products in much higher than that of the rural areas and for this reason urban areas have higher poverty line.
3. For the year 2000, the poverty line for a person was fixed at Rs 328 per month for the rural areas and Rs 454 for the urban areas.