Poverty Flashcards
1
Q
What is absolute poverty?
A
When a household income can’t afford necessities e.g. shelter, food, clothes
2
Q
What is relative poverty?
A
When a household income is less then a 50% of average median income
3
Q
Which poverty is effected by economic growth?
A
Relative
4
Q
What poverty measurement would be to compare the top 1% of total wealth to the poorest wealth?
A
Relative
5
Q
Which poverty measure does inflation effect the most?
A
Absolute
