Question

1 The U.N.'s Millennium Aid Goal is for nations to increase their foreign aid levels to 0.7 percent of donor-country GDP. True/False

2 The U.N.'s Millennium Poverty Goal is to reduce the global rate of extreme poverty to 15 percent by 2015, but it will not have much impact on the number of people in poverty.True/False

3. The U.S. government counts both cash income and in-kind transfers when determining the poverty rate. True/False

   4 The U.S. poverty standard in 2009 was set at $35,000 per year for a family of four.True/False

   5 The World Bank defines extreme poverty as income of less than $1 per day per person.True/False

6 The developing world has been adamant that rich nations abandon farm subsidies in order to get a global trade deal both sides say they want. True/False

   7 The inequality trap has a negative impact on human capital development True/False

   8 The official U.S. poverty standard was set in 1963 at $3,000 per year for a family of four.True/False

9 The redistribution of private income and wealth within poor nations is sufficient to eliminate global poverty.True/False

Answer 1

1) TRUE

It is a fact that the U.N.'s Millennium Aid Goal is for nations to increase their foreign aid levels to 0.7 percent of donor-country GDP.