Which of the following is a definition of poverty in absolute terms?
A) A family is in poverty if it receives less than $10,000 a year in money income.
B) A family is in poverty if it receives an income that places it in the lowest 5 percent of family income recipients.
C) The Jones family is in poverty if the majority of families receive more income than the Jones family receives.
D) The Smith family is in poverty if the family earns 20 percent less than the average family.
Correct Answer:
Verified
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