According to World Bank Data, the Proportion of the Population

question 32

Multiple Choice

According to World Bank data, the proportion of the population in developing countries living in extreme poverty (living on $1.90 per day or less) fell between 1990 and 2013 from

• A) 42 to 13 percent
• B) 60 to 4 percent
• C) 84 to 16 percent
• D) 16 to 4 percent

---

Definitions:

Economic Rent

Earnings in excess of the minimum required to keep a factor of production in its current use, often derived from unique advantages.

Demand For Land

The economic desire or need for land for various purposes such as agriculture, residential, commercial, or industrial developments.

Resource

An economic input used to produce goods and services, such as labor, capital, and natural resources.

Land

In economics, it refers to all natural resources used to produce goods and services, including agricultural and undeveloped land.