___________poverty is measured by comparing personal or household income or expenses with the cost of buying a given quantity of goods and services.
A) Relative
B) Subjective
C) Standard
D) Absolute

Question

Quizplus · Accepted Answer

Absolute poverty is measured by comparing personal or household income or expenses with the cost of buying a given quantity of goods and services. It is commonly used in international poverty comparisons and refers to the inability to afford the basic necessities of life, such as food, shelter, and healthcare. In contrast, relative poverty is defined relative to a society's typical living standards and subjective poverty is based on an individual's own perception of their poverty status. Standard poverty measures are typically based on income thresholds set by government agencies or other organizations.

___________Poverty Is Measured by Comparing Personal or Household Income or Expenses