Life on a dollar a day

Tuesday, April 26, 2011 - 10:30 in Mathematics & Economics

Imagine, for a moment, that you must live on 99 cents per day. How would you manage it? For roughly 850 million people around the globe, this is not a hypothetical question; those people really have daily purchasing power roughly equal to what a dollar buys in the United States. And yet they carve out lives, run businesses and raise children.

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