Would the following critiques of a poverty line produce a poverty rate that under or overstated poverty? It is absolute in a country where income is [Choose) growing it does not include non-cash benefits v [ Choose ] understate overstate It ignores high cost of healthcare (Choose ] It ignores the severity of poverty ( Choose) food is less expensive now than when the ( Choose ) OPM was established
Would the following critiques of a poverty line produce a poverty rate that under or overstated poverty? It is absolute in a country where income is [Choose) growing it does not include non-cash benefits v [ Choose ] understate overstate It ignores high cost of healthcare (Choose ] It ignores the severity of poverty ( Choose) food is less expensive now than when the ( Choose ) OPM was established
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Would the following critiques of a poverty line produce a poverty rate that under or overstated
poverty?
It is absolute in a country where income is
growing
[ Choose )
it does not include non-cash benefits
v [ Choose ]
understate
overstate
It ignores high cost of healthcare
[ Choose ]
It ignores the severity of poverty
[ Choose]
food is less expensive now than when the
[ Choose )
OPM was established](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8e4d845d-cd84-49d6-83de-6949d94bf7d4%2F90874e7f-a8d1-4151-b33f-686e0c50175f%2Fultu3f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Would the following critiques of a poverty line produce a poverty rate that under or overstated
poverty?
It is absolute in a country where income is
growing
[ Choose )
it does not include non-cash benefits
v [ Choose ]
understate
overstate
It ignores high cost of healthcare
[ Choose ]
It ignores the severity of poverty
[ Choose]
food is less expensive now than when the
[ Choose )
OPM was established
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