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Why Not Designate the Poorest 10 Percent of the Population

question 54

Essay

Why not designate the poorest 10 percent of the population as the official measure of poverty?


Definitions:

AASB 141

An Australian accounting standard regarding the accounting for agricultural activity, including the recognition and measurement of biological assets and agricultural produce.

IAS 41

An International Accounting Standard that deals with the accounting for agricultural activity, including the transformation of biological assets (living plants and animals) into agricultural produce.

Biological Asset

Living plants or animals that companies hold for sale, into agricultural produce, or into additional biological assets.

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