Asked by Alaina Warburton on Jul 11, 2024
Verified
Which statement is true?
A) The poverty line is raised each year.
B) The poverty line is lowered each year.
C) The poverty line stays the same from one year to the next.
D) None of the statements are true.
Poverty Line
The minimum level of income deemed necessary to achieve an adequate standard of living in a specific geographic area.
- Recognize the complexities surrounding poverty and the methodologies employed to quantify and combat it across various population segments.
Verified Answer
MN
Mario NietoJul 17, 2024
Final Answer :
A
Explanation :
The poverty line is typically adjusted annually to account for inflation and changes in the cost of living, ensuring that it reflects the current economic conditions and maintains its relevance in measuring poverty.
Learning Objectives
- Recognize the complexities surrounding poverty and the methodologies employed to quantify and combat it across various population segments.