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What does absolute poverty measure?
A
Whether income covers minimum goods needed for survival, against a fixed subsistence line.
B
Whether income covers luxury goods needed for comfort, against a fixed consumption line.
C
Whether income exceeds average goods bought by households, against a changing income line.
D
Whether income is below 60% of median household income, against a relative income line.
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8.2.3 distinction between absolute poverty and relative poverty Flashcards
24 flashcards on CIE Intl A Level Economics 8.2.3 distinction between absolute poverty and relative poverty: the key terms and definitions you need to recall.