Final answer:
Education has a significant impact on poverty reduction by increasing productivity, improving health, reducing inequality, and empowering individuals. In low-income countries, wages can increase by 10 to 20% with each additional year of education.
Step-by-step explanation:
Education has a significant impact on poverty reduction. When individuals receive education, they acquire knowledge and skills that increase their productivity, leading to higher wages and better job opportunities. For example, in low-income countries, wages can increase by 10 to 20% with each additional year of education. Additionally, education plays a crucial role in reducing inequality, improving health and child health, and empowering individuals to participate in political and social activities.