The absolute poverty line …? a. is a standard below which a person lives in absolute human misery. b. can be measured with the Lorenz curve. c. decreases as real income grows. d. shows the average income of the lowest income group.
Added by Susan S.
Step 1
The absolute poverty line is a threshold that defines the minimum level of income necessary to maintain basic living standards, such as food, shelter, and clothing. Show more…
Show all steps
Your feedback will help us improve your experience
Sanchit Jain and 83 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Poverty is measured by the number of people who fall below a certain level of income—called a. the poverty line b. the poverty segment c. the poverty bar d. the poverty net
Sanchit J.
Which of the following is true with regard to relative poverty? (A) Individuals in relative poverty have incomes below the poverty line. (B) Individuals in relative poverty exhibit downward social mobility. (C) Individuals in relative poverty may be in the upper class. (D) Individuals in relative poverty exhibit upward social mobility.
The poverty line is the A. level of annual income equal to the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition, while the poverty rate is the percentage of the population that is poor according to the poverty line. B. level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition, while the poverty rate is one minus fourth of the poverty line. C. level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition, while the poverty rate is the percentage of the population that is poor according to the poverty line.
Jennifer S.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD