Table 20-1
The poverty line in the country of Equalia is $10,000. The distribution of income for Equalia is as follows:

-Refer to Table 20-1.What is the poverty rate in Equalia

Question

Table 20-1
The poverty line in the country of Equalia is $10,000. The distribution of income for Equalia is as follows:

-Refer to Table 20-1.What is the poverty rate in Equalia

Quizplus · Accepted Answer

The poverty rate is the percentage of the population living below the poverty line, which is calculated by adding up the percentages of those in the income groups below the poverty line. In this case, the percentages in the $0-$9,000 and $9,000-$10,000 income groups add up to 30.0%, so the poverty rate is 30.0%.

Table 20-1 The Poverty Line in the Country of Equalia Is $10,000