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Explain why event probabilities range from 0 to 1.
Poverty Line
A specified threshold of income deemed necessary to meet basic living costs, below which individuals or families are considered to be living in poverty.
Income Inequality
The unequal distribution of annual or lifetime income among individuals or households within a society.
Pre-Tax-And Transfer Income
The total income of individuals or households before taxes are deducted and before any government transfers, such as subsidies or welfare, are added.
Trend
A general direction in which something is developing or changing over time.
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