What is the United States government's formal definition of the poverty line?
A)It is a level of annual income equal to total income in society divided by the population, adjusted for a family of four.
B)It is a level of annual income equal to the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition.
C)It is the annual income level below which a household is exempt from taxes.
D)It is a level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition.

Question

Quizplus · Accepted Answer

The United States government's formal definition of the poverty line is based on a measure developed in the 1960s, which calculates the poverty threshold as three times the cost of a minimum food diet in 1963, adjusted for inflation and family size.

What Is the United States Government's Formal Definition of the Poverty