Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 78, Problem 1MCQ
To determine
The correct option for country U’s poverty rate.
Expert Solution & Answer
Answer to Problem 1MCQ
From the available options, the correct option is it fell in the 1960s.
Explanation of Solution
There is no upward trend in the poverty rate after 1973 but there are some changes according to the data which shows no steady decrease or increase trend and in 2016, the poverty rate is higher than in 1973, therefore, options: b. c, d, and e are incorrect.
Here, the correct option is a (it fell in the 1960s) as the poverty rate was reduced from 39 million to 30 million.
Economics Concept Introduction
Introduction: The poverty rate shows the ratio of the number of people who are living below the poverty line in the country. The poverty rate in the country U is 11.6% in the year 2021.
Chapter 78 Solutions
Krugman's Economics For The Ap® Course
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