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Chapter 15: Q. 45 (page 379)

In country B, the population is 900 million and 100 million people are living below the poverty line. What is the poverty rate?

Short Answer

Expert verified

11.11%

Step by step solution

01

Step1. Introduction

Poverty rate is a measure of the percentage of people living below the poverty line. It is an indicator of how serious the poverty problem is in an economy.

02

Step2. Calculation

Poverty rate as calculated from the given information:

Povertyline=No.ofpeoplebelowthepovertylineTotalpopulation×100Povertyline=100million900million×100Povertyline=11.11%

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Most popular questions from this chapter

Many critics of government programs to help low-

income individuals argue that these programs create a poverty trap. Explain how programs such as TANF, EITC, SNAP, and Medicaid will affect low-income and whether or not you think these programs will benefit families and children.

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