10 marker practice

Question 1

Discuss the pattern of change in global wealth, including reduction in poverty and the new middle class (10 marks)

Answer 1

global reduction in extreme poverty (Millennium Development Goal) between 2000 and 2015 –> 1990, around 50% of ppl in LICs lived on less than 1.25$ a day; by 2015 it was around 14%
num of ppl. living in extreme poverty fell from 1.9 bill in 1990 to 836 mill in 2015
in contrast, the num of ppl classified as middle class (living on at least 4$ a day) almost tripled between 1990 and 2015; this population accounted for 18% of ppl in LICs in 1990 and nearly 50% in 2015