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coolcat coolcat
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7 months ago
What is the difference between the poverty line and the poverty rate?
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Microeconomics


Edition: 7th
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osvaldoguzmanosvaldoguzman
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7 months ago
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The poverty line is the level of annual income equal to three times the amount necessary to purchase the minimal quantity of food required for adequate nutrition. The poverty rate is the percentage of the population that fall below the poverty line.
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