Global poverty thresholds are about one-tenth of U.S. standards. Extreme poverty is defined as less than $1.25

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Global poverty thresholds are about one-tenth of U.S.

standards. “Extreme” poverty is defined as less than $1.25 per day per person; “severe” poverty is less than $2 per day (inflation adjusted). LO23-1

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The Micro Economy Today

ISBN: 9781259291814

14th Edition

Authors: Bradley Schiller, Karen Gebhardt

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