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In which of the following regions has poverty reduction been minimal in over the past 25 years?
Utility Function
A representation in economics that measures preferences over a set of goods and services, often in order to derive an individual's optimal choice under constraints.
Income Bundle
A combination of goods and services that a consumer can purchase with their available income.
New Prices
The latest prices for goods or services, updated from previous values due to factors such as inflation, demand, or production costs.
Utility Function
A representation of a consumer's preference ranking over a set of goods and services, quantifying the satisfaction from each possible choice.
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