Why Does Canada Have No Statistics on the Number of Poor

question 48

Multiple Choice

Why does Canada have no statistics on the number of poor people living in the nation?

• A) because, relative to poverty in other nations, Canada has no "real" poor people.
• B) because there are so few of them that it is not worth counting
• C) because it is too difficult to count poor people
• D) because there is no official definition of poverty

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service.

Demand Curve

A graphical representation demonstrating the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Short Run

A period in economic analysis where some factors of production are fixed and cannot be changed.

Market Demand

The aggregate amount of a product or service that every consumer in a market is prepared and capable of buying at different price levels.