The distribution of income for Grim is as follows:
If the poverty rate in Grim is 50 percent,what is the poverty line in Grim?

Question

The distribution of income for Grim is as follows: 
If the poverty rate in Grim is 50 percent,what is the poverty line in Grim?

Quizplus · Accepted Answer

The poverty line is defined as the income level below which a household is considered to be living in poverty. In order for 50% of the population to be considered living in poverty, we need to identify the income level at which exactly half of the population falls below. Looking at the distribution of income, we can see that the median income is $10,000. Therefore, the poverty line in Grim is $10,000. Choice B is the correct answer.

The Distribution of Income for Grim Is as Follows