The poverty line in the country of Inequalia is $10,000. The distribution of income for Inequalia is as follows: Number of Families Income 200 less than $5,000
300 between $5,000 and $10,000
500 between $10,000 and $15,000
700 between $15,000 and $20,000
100 over $20,000 The poverty rate in Inequalia is

Question

The poverty line in the country of Inequalia is $10,000. The distribution of income for Inequalia is as follows: Number of Families Income   200 less than $5,000
300 between $5,000 and $10,000
500 between $10,000 and $15,000
700 between $15,000 and $20,000
100 over $20,000  The poverty rate in Inequalia is

Quizplus · Accepted Answer

To calculate the poverty rate, we need to find the number of families earning less than $10,000, which is the poverty line.
Number of families earning less than $10,000 = 200 + 300 = 500
Total number of families = 200 + 300 + 500 + 700 + 100 = 1800
Poverty rate = (number of families earning less than $10,000/total number of families) x 100
= (500/1800) x 100
= 27.8%
Therefore, the poverty rate in Inequalia is 27.8%, which corresponds to option C.

The Poverty Line in the Country of Inequalia Is $10,000