Solved IB ACIO Question
A solved IB ACIO PYQ - decoded step-by-step.
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Poverty measured against a fixed minimum standard of living, regardless of the average income in society, is called:
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Meaning: Absolute poverty uses a fixed threshold for basic needs (food, shelter, clothing).Correct Option Justification: A matches the definition of poverty measured against a constant minimum consumption standard.Incorrect Options:A. Relative poverty compares individuals to the average income in a society.B. Situational poverty arises due to a specific crisis (e.g., disaster), not a measurement approach.C. Chronic poverty refers to poverty persisting over a long period, not the measurement basis.