The poverty rate is less precise than the unemployment rate, since defining how much income puts one in or above poverty is subjective.

Question

Quizplus · Accepted Answer

The poverty rate is less precise because the definition of poverty varies by country and over time, depending on societal standards and costs of living, making it more subjective compared to the unemployment rate, which is based on clearer criteria of whether individuals are actively seeking and available for work.

The Poverty Rate Is Less Precise Than the Unemployment Rate