Economics 2281 · O Level · Living standards

Living standards — practice question

In a developed economy, the wealthiest $60\%$ of the population saw their incomes rise. Which row is correct as a consequence of this increase?

  • 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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