Given That the Definition of Poverty Has Not Been Adjusted

question 68

Multiple Choice

Given that the definition of poverty has not been adjusted to reflect the long-term rise in average incomes,you would expect _____ in the percentage of the population living below the poverty line.

• A)a decrease
• B)an increase
• C)no change
• D)It is impossible to determine how the percentage of the population living in poverty might change.

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Definitions:

Describe

To give a detailed account or explanation of something.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to meet repayment terms.

Public Notice

An official announcement issued to the public through various media outlets to inform about legal proceedings, government actions, or other significant matters.

Third Parties

Individuals or groups besides the two involved in a transaction or legal case, often indirectly affected by the outcome.