Economics 0455 · IGCSE · Living standards

Living standards — practice question

The wealthiest $60\%$ of the population in a developed economy experienced higher income. Which row is correct as a consequence of this rise?

  • Aabsolute poverty increased; relative poverty increased
  • Babsolute poverty increased; relative poverty remained constant
  • Cabsolute poverty remained constant; relative poverty increased
  • Dabsolute poverty remained constant; relative poverty remained constant

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