The poverty line is defined as __________. a. the income level below which 10 percent of the American people live. b. three time
s the annual cost of a thrifty food budget. c. the annual cost of all goods and services that a person can reasonably be expected to want. d. the percentage of homeless people. e. the income level below which 20 percent of the American people live.
Option b=> three times the annual cost of a thrifty food budget for an urban family of four.
Explanation:
In the United States of America or any country in the world, there is a need for the government to know the poverty line of citizens in the country so as to know how to prepare or create something to reduce the rate of poverty in the country.
The term "poverty line'' is also referred to as poverty threshold. The poverty line shows the point or level of income that one has to have in order to cater for their need because people that falls below the
poverty line find it difficult to cater for their needs.
"The poverty line is defined as three times the annual cost of a thrifty food budget for an urban family of four.''
b. three times the annual cost of a thrifty food budget for an urban family of four.
Explanation:
The poverty threshold or poverty limit or poverty line or breadline is referred to as the estimated level of income needed for one to have the basic necessities of life. It is also the minimum level of income considered adequate or enough in a particular country. Poverty line can be calculated by adding up the total cost of all essential resources that an adult consumes in one year. From the above the poverty line is estimated by multiplyung 3 times the food budget of of an urban family of four.
