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Poverty and Unemployment · IB ACIO · Question 50 of 60

Poverty and Unemployment: A poverty concept that compares people’s income or consumption to the average in their society is

Step-by-step solution. Poverty and Unemployment for IB ACIO.

Topic
Poverty and Unemployment
Subject
General Studies
Difficulty
moderate
Solve Time
45-60 sec

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Q · Poverty and Unemploymentmoderate · 45s

A poverty concept that compares people’s income or consumption to the average in their society is:

TopicPoverty and Unemployment
Question Typemultiple choice
Difficultymoderate
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

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Meaning: Relative poverty captures inequality of living standards within a society.Correct Option Justification: B is correct; it measures deprivation relative to societal norms/median.Incorrect Options:A. Absolute poverty uses a fixed poverty line for basic needs.B. Subjective poverty is based on individuals’ perceptions of their status.C. Chronic poverty is duration‑based, not comparative.

Final Answer: Option B - Relative poverty
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A poverty concept that compares people’s income or… - Poverty and Unemployment (General Studies) Solved Question