Examlex
Which of the following resource payments is considered by economists as surplus payments?
Individual Rights
The basic entitlements and freedoms that belong to every person, typically upheld by law and societal norms, including rights to privacy, speech, and equal treatment.
Poverty Rate
The percentage of the population whose income falls below the threshold deemed necessary to cover basic living costs, determining the level of poverty.
Poverty Line
A threshold level of income set by governments or organizations, below which individuals or families are considered to be living in poverty.
Distribution Of Income
The distribution of income is the way in which a country's total earnings are divided among its population, affecting economic inequality.
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