Question

What is a uniform standard used for the poverty line by the World bank for making comparisons between developing countries

Answer 1

Acordin 2 world bank a person who earn 1$ per day is sad to be above poverty line.So'by this way they compare the people of all contry that which country have more poverty suffering people present.

Answer 2

The updated uniform standard used by World bank for poverty line is the minimum amount of 1.90 dollars / day.

Explanation:

• The minimal income of a person on a daily basis in a specific country is considered as the poverty line.
• The amount that defines this line is used to compare countries that are developing.
• The amount of poverty line updated in 2015, October by World Bank is of 1.90 dollars per day globally.
• This depicts the observation of UNO that the falling of poverty line is seen from 80 percent to 10 percent in 2015.
• The estimated people living in poverty by UNO is of 735 million.

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