Which of the following statements is FALSE regarding the definition of poverty?
A) A threshold income level is used to define poverty.
B) Adjustments to the poverty level are made on the basis of changes in the Consumer Price Index.
C) Real incomes in the United States have been growing at a compounded annual rate of almost 2 percent per capita.
D) Poverty cannot be defined in relative terms.
D
Economics
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The two most important factors contributing to increased productivity in industrialized countries in the twentieth century were:
A. higher relative prices and technological progress. B. higher relative prices and a larger labor supply. C. technological progress and increases in the labor supply. D. technological progress and increases in the capital stock.
Economics