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Difference between Absolute and Relative Poverty I A Level and IB Economics
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The World Bank recently defined the new absolute poverty line as the percentage of the population of country living on less than $1.90 a day (PPP) at constant 2011 prices. Relative poverty is defined in relation to the overall distribution of income or consumption in a country
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#aqaeconomics #ibeconomics #edexceleconomics
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