Which of the following CANNOT be eliminated in a growing economy such as the U.S. economy?

Question

Quizplus · Accepted Answer

Relative poverty is measured in comparison to the overall standard of living in the society and is therefore always present, regardless of economic growth. Absolute poverty, on the other hand, refers to a lack of basic necessities like food, shelter, and clothing, and can be eliminated with economic growth and development. Therefore, option B, relative poverty, cannot be eliminated in a growing economy such as the U.S. economy.

Which of the Following CANNOT Be Eliminated in a Growing