Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 14R, Problem 1MCQ
To determine
The poverty rate
Expert Solution & Answer
Answer to Problem 1MCQ
From the available options, the correct option is the percentage of the population that earns less than the poverty threshold.
Explanation of Solution
The poverty rate is the percentage of the population that earns less than the poverty threshold which indicates the number of people who live below the poverty line is considered the poverty rate of the country. As per the data for the year 2021, people whose income is less than $33,148 are under the poverty rate and if people are living in poverty, it does not mean that they are bankrupt and
Therefore, the correct option is c (the percentage of the population that earns less than the poverty threshold).
Economics Concept Introduction
Introduction: The poverty rate shows the ratio of the number of people who are living below the poverty line in the country. The poverty rate in the country U is 11.6% in the year 2021.
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Chapter 14R Solutions
Krugman's Economics For The Ap® Course
Ch. 14R - Prob. 1MCQCh. 14R - Prob. 2MCQCh. 14R - Prob. 3MCQCh. 14R - Prob. 4MCQCh. 14R - Prob. 5MCQCh. 14R - Prob. 6MCQCh. 14R - Prob. 7MCQCh. 14R - Prob. 8MCQCh. 14R - Prob. 9MCQCh. 14R - Prob. 10MCQ
Ch. 14R - Prob. 11MCQCh. 14R - Prob. 12MCQCh. 14R - Prob. 13MCQCh. 14R - Prob. 14MCQCh. 14R - Prob. 15MCQCh. 14R - Prob. 16MCQCh. 14R - Prob. 17MCQCh. 14R - Prob. 18MCQCh. 14R - Prob. 19MCQCh. 14R - Prob. 20MCQCh. 14R - Prob. 21MCQCh. 14R - Prob. 22MCQCh. 14R - Prob. 23MCQCh. 14R - Prob. 24MCQCh. 14R - Prob. 25MCQCh. 14R - Prob. 1FRQCh. 14R - Prob. 2FRQCh. 14R - Prob. 3FRQ
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