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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- 1Absolute poverty is based entirely on income inequality within a region, whereas relative poverty is not.
- 2Absolute poverty uses a fixed basic minimum economic threshold, while relative poverty compares an individual's financial standing relative to others in society.✓
- 3Absolute poverty is a completely subjective evaluation, whereas relative poverty relies on strict biological standards.
- 4Absolute poverty changes drastically with lifestyle trends, whereas relative poverty remains mathematically rigid over decades.
Correct answer
Absolute poverty uses a fixed basic minimum economic threshold, while relative poverty compares an individual's financial standing relative to others in society.
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