According to Social Scientists,absolute Poverty Exists When People May Be

question 116

True/False

According to social scientists,absolute poverty exists when people may be able to afford basic necessities but are still unable to maintain an average standard of living;it is measured by comparing the actual income against the income earner's expectations and perceptions.

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Definitions:

Earnings Rate

The rate of return on an investment or project, often expressed as a percentage of the investment's cost.

Compound Interest

This refers to the calculation of interest on the beginning balance of a loan or deposit, adding in the interest that has built up over time from prior periods.

Present Value

The value as of now of a future amount of money or subsequent cash flows, based on a chosen return rate.

Compound Interest

Interest that is determined by taking into account not only the original principal of a deposit or loan but also all the interest that has been compounded in previous cycles.