Which of the following is the standard economic definition of absolute poverty?
A state where a household's income is below 60% of the national median income.
A state where a household lacks the minimum resources necessary to sustain basic life, including food, clean water, and shelter.
A state where welfare benefits are high enough that individuals face no financial incentive to find employment.
A state where workers earn less than the voluntary living wage calculated for their localized region.
37 exam-style questions on OCR A Level Economics Income distribution and welfare. Each one has a worked solution and a mark scheme showing where the marks go.