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JulsSmile [24]
3 years ago
12

(b) What portion of the official U.S. poverty threshold (roughly $29,000 for a family of four) is met by the World Bank’s measur

e?
Mathematics
1 answer:
otez555 [7]3 years ago
5 0
World Bank's threshold for poverty is $1.25 per person per day. 
For a family of four this gives:
Daily income = (number of people) * threshold
Daily income = 4 * $1.25
Daily income = $5
For a year this is:
Yearly income = (daily income) *365
Yearly income = $5 *365
Yearly income = $1825

U.S. poverty threshold is set at $29000. Portion of threshold can be calculated as:
Portion\text{ }of\text{ }threshold= \frac{Poverty\text{ }threshold\text{ }(World\text{ }Bank)}{Poverty\text{ }threshold\text{ }(U.S.)} *100\% \\  \\ Portion\text{ }of\text{ }threshold= \frac{1825}{29000} *100\% \\  \\ Portion\text{ }of\text{ }threshold=6.29\%

The poverty threshold measured by World Bank is 6.29% of the U.S. poverty threshold.
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