The Computation of the Poverty Line

question 13

Multiple Choice

The computation of the poverty line:

• A)is based on the observation that lower-income families spend about one-third of their incomes on food.
• B)is based on the cost of a subsistence bundle of goods devised by social workers.
• C)has reflected the effects of inflation over the past two decades.
• D)is an absolute measure rather than a relative measure.
• E)includes all of the above.

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Definitions:

Standard Deviation

A statistical measure that quantifies the amount of dispersion or variation of a set of data values from the mean value.

Symmetric

A characteristic where something is identical on both sides of a central point or axis.

IQR

Stands for Interquartile Range, which is a measure of variability based on dividing a data set into quartiles.

Median Score

The middle value in a set of data, where half the scores are higher and half are lower.