Question

Which of the following statements is true about poverty? 1) Poverty line is universally fixed 2) Povety line may vary with time and place 3) Povety line may vary with time but it is consistent with place 4) Povety line exists in socialist countries only​

Answer 1

Explanation:

sorry i don't know the answer

Answer 2

Question:

Which of the following statements is true about poverty?

1) Poverty line is universally fixed

2) Poverty line may vary with time and place

3) Poverty line may vary with time but it is consistent with place

4) Poverty line exists in socialist countries only​

Answer:

2) Poverty line may vary with time and place

Explanation:

A common method used to measure poverty is based on the income or consumption levels. A person is considered poor if his or her income or consumption level falls below a given “minimum level” necessary to fulfill basic needs. What is necessary to satisfy basic needs is different at different times and in different countries. Therefore, poverty line may vary with time and place.