If 15 million people live below the poverty line in a country with a population of 300 million, what is the poverty rate?Group of answer choices20%5%15%0.05%
Question
Solution
To calculate the poverty rate, you need to divide the number of people living below the poverty line by the total population, and then multiply the result by 100 to get a percentage.
Here are the steps:
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Divide the number of people living below the poverty line by the total population. In this case, that's 15 million divided by 300 million, which equals 0.05.
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Multiply the result by 100 to get a percentage. In this case, that's 0.05 times 100, which equals 5%.
So, the poverty rate in this country is 5%.
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