2023 A/L Economics – Past Paper MCQ 45

Sanath Withanage

Question:

The World Bank currently uses the international poverty line for low income countries as
(1) $1.00.
(2)$ 1.75.
(3) $2.15.
(4)$ 3.65.
(5) $ 6.85.

Correct Answer:

(3)

Answer Explanation:

In 2022, the World Bank updated the extreme international poverty line from $1.90 to $2.15 per person per day based on 2017 Purchasing Power Parity (PPP) prices.


Topic: Poverty Year: 2023

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