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Vethier 2016 Vethier 2016
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A year ago
Refer to the table above. As a result of Covid-19, Country A and Country B have had to impose strict lock-downs. The economic effect of these lockdowns is that all incomes in both countries have fallen by 10%. What are the new levels of absolute poverty in both countries?

▸ 90% in country A and 70% in country B

▸ 60% in country A and 10% in country B

▸ 30% in country A and 60% in country B

▸ 10% in country A and 30% in country B
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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aedukuyeaedukuye
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A year ago
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