Asked by quatria downs` on May 14, 2024
Verified
In a typical 10-year period, about one in four families falls below the poverty line in at least one year. What percentage of families are poor for eight or more years?
Poverty Line
The poverty line is a threshold that defines the minimum level of income necessary to afford basic living expenses, varying by country and sometimes within regions of a country.
Typical 10-Year Period
Refers to an average or standard time frame of ten years used for long-term analysis or planning.
Families
Social units consisting of one or more adults together with the children they care for, connected by marriage, blood relation, or other durable ties.
- Comprehend the principle of income distribution and the prevalence of poverty.
Verified Answer
JJ
Learning Objectives
- Comprehend the principle of income distribution and the prevalence of poverty.