Definition: $1 Per Day Poverty

$1 Per Day Poverty - "a real income international line for extreme poverty equivalent to $PPP1 in 1985 and $PPP1.45 in 1998, used to estimate the proportion of the world’s population that exists at an income that secures the bare essentials of food, clothing, and shelter." - source: Economic Development 4th Edition by E. Wayne Nafziger