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    Principles of Economics Study Set 8
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    Exam 20: Income Inequality and Poverty
  5. Question
    Explain What Information Is Contained in the Poverty Rate Statistic
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Explain What Information Is Contained in the Poverty Rate Statistic

Question 23

Question 23

Essay

Explain what information is contained in the poverty rate statistic. Are there problems in using an absolute scale to measure poverty? If so, explain them.

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The poverty rate is the percentage of th...

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