Consumers who earn under $1 per day are considered to be in which of the following income categories?
A) Extreme poverty
B) Subsistence
C) Low income
D) Moderate income

Question

Quizplus · Accepted Answer

Consumers who earn under $1 per day are considered to be in extreme poverty as they are living on bare minimum resources and struggling to meet their basic needs. Subsistence category typically refers to consumers who earn enough to meet their basic needs, but not enough for any luxuries or savings. Low income and moderate income categories refer to consumers who earn more than subsistence but less than the overall average income in their region or country.

Consumers Who Earn Under $1 Per Day Are Considered to Be