#FIB-RW-23000759Reading & Writing: Fill in the BlanksCore & AcademicMediumReal Exam Prediction

Poverty

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Measuring poverty on a global scale [blank] establishing a uniform poverty level across extremely divergent economies, which can result in only rough comparisons. The World Bank has defined the international poverty line as U.S. $1 and $2 per day in 1993 Purchasing Power Parity (PPP), which adjusts for differences in the [blank] of goods and services between countries. The $1 per day level is generally used for the [blank] developed countries, primarily African; the $2-per-day level is used for [blank] economies such as those of East Asia and Latin America.

Sample Answer & Audio Transcript

Measuring poverty on a global scale requires establishing a uniform poverty level across extremely divergent economies, which can result in only rough comparisons. The World Bank has defined the international poverty line as U.S. $1 and $2 per day in 1993 Purchasing Power Parity (PPP), which adjusts for differences in the prices of goods and services between countries. The $1 per day level is generally used for the least developed countries, primarily African; the $2-per-day level is used for middle-income economies such as those of East Asia and Latin America.
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