Poverty Can Be Defined in Either Relative or Absolute Terms

question 121

Multiple Choice

Poverty can be defined in either relative or absolute terms. How does absolute deprivation measure poverty?

• A) by considering access to food, shelter, clothing, and medical care
• B) by comparing the poor to more affluent members of society
• C) by examining the relative prestige associated with jobs typically available to members of different social classes
• D) by asking which groups within a society have power and prestige
• E) by comparing the poor to the poor of other historical periods

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Definitions:

Net Income

The total profit or loss of a business after all expenses, including taxes and interest, have been deducted from revenue.

Financial Statements

Reports that provide an overview of a business's financial condition, including income statement, balance sheet, and cash flow statement.

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement, among others.