The World Bank Defines Severe Poverty as

question 61

Multiple Choice

The World Bank defines severe poverty as

• A)An income level of less than $1.25 per person per day.
• B)An income level of less than $2.00 per person per day.
• C)An income level that does not allow an individual to buy basic necessities.

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Definitions:

Official Government Definition

A formal and authoritative explanation or description of a term or policy provided by a governmental body.

Biological Needs

Fundamental requirements that sustain the life of an organism, such as food, water, and shelter.

Equality Of Income

A state in which income is distributed equally among individuals or groups in society.

Incentive To Produce

Factors or motivations that encourage firms or individuals to engage in production, often driven by the potential for profit or market demand.