If We Define Poverty Using Absolute Terms, It Follows That

question 22

Multiple Choice

If we define poverty using absolute terms, it follows that

• A)people are poor if they earn less than a specified income level.
• B)there can be situations in which no one would be considered poor.
• C)poverty exists if the Gini coefficient is small.
• D)b and c
• E)a and b

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Definitions:

Total Dollar Return

The total gain or loss on an investment over a specified time period, represented in dollars, including both capital gains and dividends or interest.

Shares

Shares that represent units of ownership in a company or an investment.

Annual Dividend

The total dividend payments a company makes to its shareholders over a single fiscal year, often expressed as an amount per share.

Total Dollar Return

The overall financial return on an investment, including dividends, interest, and capital gains, measured in dollar terms.