When poverty is defined by an relative real income level, what will happen to the poverty rate

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When poverty is defined by an relative real income level, what will happen to the poverty rate if the distribution of income is NOT perfectly equal?

1.The poverty rate will increase forever.

2.The poverty rate will eventually be zero.

3.The poverty rate will always remain constant.

4.The poverty rate will change, but always exist.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Dec 27, 2023 06:15 AM

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When poverty is defined by an relative real income level, what will happen to the poverty rate

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The detailed answer for the above question is provided below At the point when poverty is characterized by a general genuine pay level and the distrib... View the full answer

Microeconomics An Intuitive Approach with Calculus

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