Karim was laid off from his job.He struggled financially for three months until he found another full-time job that paid less than his usual salary.As a result,Karim had to sell his house and rent a small apartment.What type of poverty was Karim experiencing?

Question

Quizplus · Accepted Answer

Karim is experiencing relative poverty, which is defined as having an income level below the average in one's society, resulting in a lower standard of living compared to those who have more resources. This is shown by his having to sell his house and move to a smaller apartment due to his decreased income.

Karim Was Laid Off from His Job