Economics · Poverty
Which of the following correctly differentiates between absolute poverty and relative poverty?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1There is no operational difference between the two concepts.
- 2Absolute poverty is subjective; relative poverty is objective.
- 3Absolute poverty uses a fixed threshold; relative poverty compares individuals within a society.✓
- 4Absolute poverty is based on income inequality; relative poverty is not.
Correct answer
Absolute poverty uses a fixed threshold; relative poverty compares individuals within a society.
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