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What is the primary measure of poverty in an economy?
Practice Questions
Q1
What is the primary measure of poverty in an economy?
Income level
Employment rate
Inflation rate
GDP growth
Questions & Step-by-Step Solutions
What is the primary measure of poverty in an economy?
Steps
Concepts
Step 1: Understand that poverty is about not having enough money to meet basic needs.
Step 2: Learn that the 'poverty line' is a specific income level set by the government.
Step 3: Know that if a person's or family's income is below this line, they are considered to be living in poverty.
Step 4: Realize that this income level can vary based on factors like location and family size.
No concepts available.
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