Which of the Following Statements Associated with Poverty Is CORRECT

question 17

Multiple Choice

Which of the following statements associated with poverty is CORRECT?
1) Poverty is defined as having a per person income of less than $2 per day,expressed in U.S.dollars adjusted for purchasing power.
2) The number of people living in poverty has been steadily declining and today less than one billion people live in poverty worldwide.
3) Poverty is a condition in which people are unable to meet their basic needs for food,clothing,shelter,education,or health.

• A)1 only
• B)2 only
• C)3 only
• D)Both 1 and 3 apply as descriptions of poverty.

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Definitions:

Total Variation

The overall measure of variability within a dataset, including both the systematic and random variation.

Independent Variables

Variables in an experiment or model that are manipulated or categorized to observe their impact on dependent variables.

Observations

Data points or recorded measures of variables obtained during an experiment or survey.

SSE

The sum of squares due to error, a measure of the discrepancy between the data and an estimation model.