Need help on a Study question.?
Explain what is meant by living on a $1 per day as a measure of global parity. Why is it used as a means of comparing inequality?
Top 1 Answers
Favorite Answer
Some people are forced to live on $1 per day in the world. If people attempt to do this, they are feeling what it is like to be in the shoes of those around the world who must do this. This is global parity. The implications of the word parity explain why it is a measure of comparing inequality between the rich and the poor.
0
