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Which of the Following Statements Is TRUE

question 116

Multiple Choice

Which of the following statements is TRUE?


Definitions:

Poverty

A condition where individuals or communities lack the financial resources to meet basic living necessities such as food, shelter, and healthcare.

Median Household Income

The income of the household lying at the exact middle of the income distribution.

Poverty Level

An officially defined threshold of income that is considered insufficient to meet the basic needs of a household or individual, varying by country.

Income

Financial gains received regularly either from employment or investments.

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