The distribution of income for Grim is as follows: If the poverty rate in Grim is 50 percent,what is the poverty line in Grim?

Question

The distribution of income for Grim is as follows:  If the poverty rate in Grim is 50 percent,what is the poverty line in Grim?

Quizplus · Accepted Answer

The poverty rate in Grim is 50%, meaning that half of the population falls below the poverty line. Looking at the distribution of income, we can see that the 50th percentile (or median) is at $10,000. This means that half of the population earns less than $10,000 and half earns more. Therefore, the poverty line in Grim is $10,000.

The Distribution of Income for Grim Is as Follows