A country has a poverty rate of 25%. If the population is 50 million, how many p

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Question: A country has a poverty rate of 25%. If the population is 50 million, how many people are living in poverty?

Options:

Correct Answer: 12.5 million

Solution:

Number of people in poverty = 25% of 50 million = 0.25 * 50,000,000 = 12.5 million.

A country has a poverty rate of 25%. If the population is 50 million, how many people are living in poverty?

A country has a poverty rate of 25%. If the population is 50 million, how many people are living in poverty?

Step 1: Understand that the poverty rate is 25%. This means that 25 out of every 100 people are living in poverty.
Step 2: Know that the total population of the country is 50 million people.
Step 3: To find out how many people are in poverty, we need to calculate 25% of 50 million.
Step 4: Convert 25% into a decimal. 25% is the same as 0.25.
Step 5: Multiply the total population (50 million) by the decimal (0.25). This means we calculate 0.25 * 50,000,000.
Step 6: Perform the multiplication: 0.25 * 50,000,000 = 12,500,000.
Step 7: Convert 12,500,000 into millions. This is 12.5 million.

Percentage Calculation – Understanding how to calculate a percentage of a total population.
Population Estimation – Applying population figures to derive specific demographic statistics.