Microeconomics
Microeconomics
Can more people live in poverty at the same time that a smaller percentage of people live in poverty? Explain your answer.
Check whether more people can live in poverty at the same time, even when the percentage of poor people is small.
The number of people who live in poverty may be more than the percentage of poor people in the country. For example: If a country has 10 people who live in poverty out of 100 people, then poverty rate is 10 per cent in the economy...
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