Question

which standerd is used by the world bank
for the estimation of porcity
line ?​

Answer 1

Answer:

The $1-a-day standard, measured in 1985 prices and adjusted to local currency using purchasing power parities (PPPs), was chosen for the World Bank's World Development Report 1990: Poverty, because it is typical of the poverty lines in low-income countries.

Answer 2

The new global poverty line is set at $1.90 using 2011 prices. Just over 900 million people globally lived under this line in 2012 (based on the latest available data), and we project that in 2015, just over 700 million are living in extreme poverty.

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