Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Which statement describes a poverty line based on absolute poverty? Question 5 options: a) Household assets are worth less than a third of the average

Which statement describes a poverty line based on absolute poverty? Question 5 options: a) Household assets are worth less than a third of the average household assets in the nation. b) It is an income that provides less than the average household is able to buy. c) It is the income level that separates the bottom and second quintiles in the distribution of income. d) Income is below $5 per day per person in the household

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Microeconomics

Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz

6th Edition

0073517852, 978-0073517858

Students also viewed these Economics questions

Question

Explain why hydrogen is considered a nonpolluting fuel

Answered: 1 week ago