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The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer?.

Solutions for The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer?, a detailed solution for The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer? has been provided alongside types of The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The poverty line, also known as the poverty threshold, is defined as the minimum level of income that is necessary for the people of a specific nation. The poverty line of a country is calculated by identifying the total amount of necessary expenses that an average adult requires over the course of one year, with the main such expense usually being house rent. Additionally, this calculation also typically includes the basic expenses of food and clothing. This measure of minimum income required is purely quantitative and does not estimate either the specific needs of people from different low-income groups or the different ways in which low-income groups experience poverty in different countries. The solely quantitative basis of calculating the minimum required income, therefore, may in fact lead to either the overestimation or the underestimation of the number of people who actually live under the poverty line in a given country. Another reason that renders the poverty line short of being a very reliable indicator of actual poverty levels is that certain nations, usually developed ones, with strong welfare systems fail to account for ‘in-kind’ transfers when calculating the poverty threshold. Such calculations do not regard the benefits received from antipoverty programs such as food stamps, housing assistance, etc. as income, thereby presenting a distorted picture of the level of poverty in the nation.Which of the following is mentioned in the passage?a)A qualitative basis for calculating the minimum income required would not result in overestimating the number of people living below the poverty line.b)Quantitative parameters are poor indicators of poverty.c)The cost of the basic requirements of housing, food and clothing is not the same in any two economies.d)The calculation of poverty in developed nations is affected by their misnaming of antipoverty programs.e)The quantitative basis for calculating the poverty line excludes estimation of the specific needs of people from various low-income groups.Correct answer is option 'E'. Can you explain this answer? tests, examples and also practice GMAT tests.