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Pondering Poverty

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Questions and Answers

What is the main difference between absolute poverty and relative poverty?

Absolute poverty is the same across all countries, while relative poverty varies from one country to another.

Absolute poverty measures the poverty rate among children, while relative poverty measures the poverty rate among adults.

Absolute poverty measures a person's living standards compared to others in the same time and place, while relative poverty compares income against the amount needed to meet basic personal needs.

Absolute poverty compares income against the amount needed to meet basic personal needs, while relative poverty measures a person's living standards compared to others in the same time and place. (correct)

What percentage of the world's population live on less than $10 per day, as of 2019?

One-third

One-fourth

Half

Two-thirds (correct)

According to the World Bank Group in 2020, where do more than 40% of the poor live?

Conflict-affected countries (correct)

Agriculturally advanced countries

Developed countries

Island nations

In which type of poverty does a person compare their living standards to others in the same time and place?

<p>Relative poverty</p> Signup and view all the answers

What does absolute poverty compare income against?

<p>The amount needed to meet basic personal needs</p> Signup and view all the answers

Study Notes

Types of Poverty

Absolute poverty is a state of living where an individual's basic needs are not met, whereas relative poverty is a state of living where an individual's income is significantly lower than the average income of the society.

Global Poverty Rates

As of 2019, over 40% of the world's population, or approximately 3.4 billion people, live on less than $10 per day.

Poverty Concentration

According to the World Bank Group in 2020, more than 40% of the poor live in the South Asian region.

Relative Poverty

Relative poverty is a type of poverty where an individual compares their living standards to others in the same time and place.

Absolute Poverty

Absolute poverty compares income against a fixed minimum threshold, which is usually the minimum income required to meet basic needs such as food, shelter, and clothing.

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Description

Test your knowledge on poverty and its impact with this quiz. Explore the diverse social, economic, and political causes and effects of poverty, as well as the measures used to evaluate it in statistics and economics.