Karl expected to earn $35,000 per year after graduating from university,but his current occupation only pays him $25,000 per year.What is Karl most likely experiencing?
A) subjective poverty
B) relative poverty
C) short-term poverty
D) deferential poverty

Question

Quizplus · Accepted Answer

Karl is likely experiencing subjective poverty, as it refers to the perception of being poor based on personal expectations or comparisons, rather than absolute income levels. His expectation was $35,000, but he earns $25,000, leading to a feeling of being poorer than anticipated.

Karl Expected to Earn $35,000 Per Year After Graduating from University,but