3 . (20 points) Assessing Worldwide Poverty using PovCalNet The World Bank estimates the extent and evolution of world poverty with the help of PovCalNet, a software interface that is available on line at http://iresearch.worldbank.org/PovcalNet/povOnDemand.aspx_(or just search "Povcalnet"). This exercise represents an exploration of world poverty using PovCalNet To answer this exercise you will need to use a browser such as Explorer and log in to PovCalNet. a. Assume a poverty line of $2 per person per day (in 2011 PPP dollars). Create a table that shows the headcount (%) poverty rate [ONLY THAT] for the six main regions (East Asia and Pacific, Europe and Central Asia, Latin America and Caribbean, Middle East and North Africa, South Asia, and Sub- Saharan Africa) for the available years (Use Ctrl command to select appropriate years). Use this link: http://iresearch.worldbank.org/PovcalNet/povDuplicateWB.aspx . $2: Fill in the Blanks [use n/a if data not available for any year] (3 points) Latin Middle Sub- Years to East Asia and Europe and America East and South Asia Saharan Consider Pacific Central Asia and the North Africa Caribbean Africa 1981 1990 2000 2010 2019 b. Repeat question 1, but for a poverty line of 3 dollars a day. $3: Fill in the Blanks [use n/a if data not available for any year] (3 points) Latin Middle Sub Years to East Asia and Europ and America East and South Asia Saharan Consider Pacific Central Asia and the North Africa Caribbean Africa 1981 1990 2000 2010 2019 C. Based on 1. and 2., which are the world's poorest regions? And which regions have seen the biggest reduction in poverty over the past three -and-a-half decades? Use your numbers. (4 points)