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Chapter 15: Problem 44

In country \(\mathrm{A}\), the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?

Short Answer

Expert verified
In country A, the poverty rate is approximately \(16.67\%\) of the total population.

Step by step solution

01

Identify the given values

In this exercise, we are given the following values: - Total population of the country (T) = 300 million - Number of people living below the poverty line (P) = 50 million
02

Calculate the poverty rate

To calculate the poverty rate, we will use the following formula: Poverty rate = (P / T) * 100 Plug in the given values: Poverty rate = (50 / 300) * 100
03

Simplify the expression

Now, we can simplify the expression to get the poverty rate: Poverty rate = (1/6) * 100
04

Calculate the percentage

Finally, we can find the percentage by multiplying the fraction by 100: Poverty rate = 16.67% (rounded to two decimal places) In country A, the poverty rate is approximately 16.67%.

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Most popular questions from this chapter

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