The poverty rate is defined as the percentage of people in households with income under the poverty line. This means that it is a measure of the number of people who are living in poverty, rather than the amount of money they need to earn or the level of income required for a minimally adequate standard of living.

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The Poverty Rate Is

Question 14

Multiple Choice

The poverty rate is

A) that level of income sufficient to provide a family with a minimally adequate standard of living.
B) the percentage of people in households with income under the poverty line.
C) the total amount of money that would have to be transferred to households in poverty to raise them out of poverty.
D) the amount of money the poor must earn from work.

Correct Answer: