InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
What is poverty line? what are its limitations ? |
|
Answer» Explanation: poverty line is the estimated minimum level of income NEEDED to secure the necessities of life. Historically, poverty and well-being in the US have been assessed using income-based measures (i.e., by applying the official poverty thresholds to income data reported in surveys). In theory, income-based measures CAPTURE a household's ability to purchase the goods and services that it needs. That is, income is a measure of a household's resources that can be used to meet its needs, ALLOWING for differences in individual tastes and preferences (income does not prejudge what expenditures households should MAKE). Domestic income-based poverty measures also benefit from the fact that they draw upon nationally-representative surveys and ADMINISTRATIVE data systems that regularly collect income data. This allows for longitudinal comparisons of income trends over time. pls mark it as brainliest pls |
|