Why do economists often use a lower poverty threshold for low-income countries than for high-income countries such

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Why do economists often use a lower poverty threshold for low-income countries than for high-income countries such as the United States? Is there a difference between relative poverty and absolute poverty? Briefly explain.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:30 AM

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Why do economists often use a lower poverty threshold for low-income countries than for high-income countries such

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Economists like to examine both absolute povertymeasured in dollars or the amount of goods and servi...View the full answer

Economics

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