O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2015 · Q251 Mark
The richest 60% of the population in a developed economy received an increase in income. Which row is correct as a result of this increase?
Aabsolute poverty: increased, relative poverty: increased
Babsolute poverty: increased, relative poverty: remained constant
Cabsolute poverty: remained constant, relative poverty: increased
Dabsolute poverty: remained constant, relative poverty: remained constant
✓ Correct answer
C: absolute poverty: remained constant, relative poverty: increased
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