Commerce Exam > Commerce Questions > According to UNO those countries are consider...
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According to UNO those countries are considered relative poor where per capita income is less than
- a)Four dollar
- b)Three dollar
- c)One dollar
- d)Two dollar
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
According to UNO those countries are considered relative poor where pe...
The international poverty line was originally set to roughly $1 a day till 2008.
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According to UNO those countries are considered relative poor where pe...
Answer:
Definition of relative poverty:
According to the United Nations, relative poverty is defined as a situation where an individual's income is less than a certain percentage of the median income of the country where they live.
Per capita income:
Per capita income is the average income earned by each person in a given area, which can be calculated by dividing the total income of the area by its population.
UNO's definition of poverty:
The United Nations defines poverty as a condition characterized by severe deprivation of basic human needs, such as food, water, shelter, and healthcare. The organization also identifies poverty as a lack of access to education, employment, and other essential services that enable people to improve their standards of living.
UNO's poverty line:
The United Nations has set a poverty line of $1.90 per day per person as the threshold for measuring extreme poverty. This means that people who live on less than $1.90 a day are considered to be living in extreme poverty.
UNO's definition of relative poverty:
According to the United Nations, relative poverty is defined as a situation where an individual's income is less than a certain percentage of the median income of the country where they live. The UNO considers countries where per capita income is less than $1 a day as relatively poor.
Conclusion:
Therefore, the correct answer to the question is option 'C', i.e., one dollar, as it is the threshold set by the United Nations to measure relative poverty.
Definition of relative poverty:
According to the United Nations, relative poverty is defined as a situation where an individual's income is less than a certain percentage of the median income of the country where they live.
Per capita income:
Per capita income is the average income earned by each person in a given area, which can be calculated by dividing the total income of the area by its population.
UNO's definition of poverty:
The United Nations defines poverty as a condition characterized by severe deprivation of basic human needs, such as food, water, shelter, and healthcare. The organization also identifies poverty as a lack of access to education, employment, and other essential services that enable people to improve their standards of living.
UNO's poverty line:
The United Nations has set a poverty line of $1.90 per day per person as the threshold for measuring extreme poverty. This means that people who live on less than $1.90 a day are considered to be living in extreme poverty.
UNO's definition of relative poverty:
According to the United Nations, relative poverty is defined as a situation where an individual's income is less than a certain percentage of the median income of the country where they live. The UNO considers countries where per capita income is less than $1 a day as relatively poor.
Conclusion:
Therefore, the correct answer to the question is option 'C', i.e., one dollar, as it is the threshold set by the United Nations to measure relative poverty.
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According to UNO those countries are considered relative poor where per capita income is less thana)Four dollarb)Three dollarc)One dollard)Two dollarCorrect answer is option 'C'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about According to UNO those countries are considered relative poor where per capita income is less thana)Four dollarb)Three dollarc)One dollard)Two dollarCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to UNO those countries are considered relative poor where per capita income is less thana)Four dollarb)Three dollarc)One dollard)Two dollarCorrect answer is option 'C'. Can you explain this answer?.
According to UNO those countries are considered relative poor where per capita income is less thana)Four dollarb)Three dollarc)One dollard)Two dollarCorrect answer is option 'C'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about According to UNO those countries are considered relative poor where per capita income is less thana)Four dollarb)Three dollarc)One dollard)Two dollarCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to UNO those countries are considered relative poor where per capita income is less thana)Four dollarb)Three dollarc)One dollard)Two dollarCorrect answer is option 'C'. Can you explain this answer?.
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