The poverty line in the country of Inequalia is $7,800.The distribution of income for Inequalia is as follows: The poverty rate in Inequalia is

Question

The poverty line in the country of Inequalia is $7,800.The distribution of income for Inequalia is as follows:  The poverty rate in Inequalia is

Quizplus · Accepted Answer

To calculate the poverty rate, we need to find the percentage of the population whose income is less than or equal to the poverty line. Looking at the graph, we can see that approximately 20% of the population earns less than $7,800. Therefore, the poverty rate in Inequalia is between 10 percent and 25 percent.

The Poverty Line in the Country of Inequalia Is $7,800