How Is Poverty Usually Defined

question 56

Multiple Choice

How is poverty usually defined? 

• A) earning less than $100 per year 
• B) not being able to meet one's basic economic needs 
• C) eating an unbalanced diet 
• D) not being able to buy shoes

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Definitions:

Tax Deductible

Refers to certain expenses that can be subtracted from income to reduce the total taxable income.

Capital Gains

Profit earned from the sale of assets like stocks or real estate, where the sale price exceeds the purchase price.

Ordinary Income

Income earned from standard operations of a business or through wages, as opposed to capital gains or investment income.

Profitability of Operations

An assessment of how efficiently a company generates profit from its core business activities, excluding peripheral activities.