Question
India to be Home to437,000 Millionaires by 2018 India, with theworld's largest population of poorpeople, is creating millionaires at a rapid pace and by 2018
India to be Home to437,000 Millionaires by 2018
India, with theworld's largest population of poorpeople, is creating millionaires at a rapid pace and by 2018 is projected to have437,000 millionaires measured in U.S. dollars. That is 1 millionaire for about1,600 people living on less than$2 a day.
Source: The Times of India, July18, 2015
Why might real GDP per person misrepresent the standard of living of the averageIndian?
Why might$2 a day underestimate the standard of living of the poorestIndians?
The value of real GDP per person might misrepresent the averageIndian's standard of living because______.
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Ecopolitical Homelessness Defining Place In An Unsettled World
Authors: Gerard Kuperus
1st Edition
1317232704, 9781317232704
