Re:What’s it like to live on less than $2 a day?
by nabla9 on Saturday September 07, 2019 @04:02AM
(#20902465)
You made simple and understandable mistake.
Gates talks explicitly about World Bank’s international poverty line measured in PPP (Purchasing Power Parity) dollars. It accounts for differences in the cost of living across countries (the PPP exchange rates).
example: PPP for India is 18.128. In India the international poverty line ($1.9 PPP) is $0.10 per day in USD.
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Gates writes:
> Still, the number of people living on less than $2 a day—$1.90 is the World Bank’s international poverty line—is over 700 million.
Gates talks explicitly about World Bank’s international poverty line measured in PPP (Purchasing Power Parity) dollars. It accounts for differences in the cost of living across countries (the PPP exchange rates).
example: PPP for India is 18.128. In India the international poverty line ($1.9 PPP) is $0.10 per day in USD.
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Gates writes:
> Still, the number of people living on less than $2 a day—$1.90 is the World Bank’s international poverty line—is over 700 million.
and links to article that defines the powerty line: https://www.worldbank.org/en/news/press-release/2015/10/04/w...