O-LevelEconomicsEconomic development2281/11 · May/June 2014 · Q241 Mark
Which statement about poverty is correct?
AAbsolute poverty occurs when income falls below what is needed for survival.
BAn advanced economy is likely to have a higher level of absolute poverty than relative poverty.
CIt is impossible for relative poverty to rise as absolute poverty falls.
DRelative poverty measures the same goods and services in all countries.
✓ Correct answer
A: Absolute poverty occurs when income falls below what is needed for survival.
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