O-LevelEconomicsEconomic development2281/12 · Oct/Nov 2021 · Q241 Mark

Poverty in households may be defined in relative terms. What indicates relative poverty?

Afalling below society's expected standard of living

Bincome level required to meet basic needs

Clack of access to clean water

Dliving on less than $2 a day

✓ Correct answer

A: falling below society's expected standard of living

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Topic: Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2021 Paper 1 Variant 2, question 24.

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