The percentage of the population living below the poverty line is called the:Group of answer choicesPoverty rateIncome deficitPoverty gapPoverty line
Question
The percentage of the population living below the poverty line is called the:
- Group of answer choices
- Poverty rate
- Income deficit
- Poverty gap
- Poverty line
Solution
The correct answer to the question is Poverty rate.
The poverty rate is a measure that indicates the percentage of the population whose income falls below the established poverty line. The poverty line is the minimum level of income deemed adequate in a particular country, taking into account the cost of living and other factors. The poverty gap, on the other hand, refers to the extent to which individuals fall below the poverty line, while income deficit typically addresses the shortfall in income necessary to reach that line. Thus, in this context, the term that best describes the percentage of the population living below the poverty line is the Poverty rate.
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