Recall that the poverty threshold is not adjusted to reflect changes in the standard of living. As a result, is the poverty threshold a relative or an absolute measure of poverty? That is, does it define poverty according to how poor someone is relative to others or according to some fixed measure that doesn’t change over time? Explain.

Income Sephora $39,000 Kelly 17,500 Raul 900,000 Vijay 15,000 Oskar 28,000