The poverty rate is defined as
A)individuals or families whose earnings are between 100% and 125% of the poverty line.
B)an individual's economic position compared with the living standards of the majority in the society.
C)the percentage of people whose income falls below the official poverty line.
D)the amount of yearly income a family requires to meet its basic needs.

Question

Quizplus · Accepted Answer

The poverty rate is defined as the percentage of people whose income falls below the official poverty line, which is set by the government based on family size, income, and resources. Therefore, option C is the correct choice as it accurately defines the poverty rate. Options A, B, and D define different aspects of poverty but not the poverty rate itself.

The Poverty Rate Is Defined as