The World Bank defines extreme poverty as income of less than $1.90 per day per person.

Answer the following statement true (T) or false (F)


True

By global standards, the United States is unquestionably a very rich nation. U.S. GDP per capita is five times larger than the world average. By American standards, virtually all the people in the poorest nations with average income under $4,000 would be poor. By their standards, few Americans would be poor. Extreme poverty refers to income of less than $1.90 per day.

Economics

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