In absolute terms, poverty is measured as:
a. a specific value on the quality-of-life index.
b. the ratio of family income to family size.
c. the ratio of family size to family food consumption.
d. the ratio of total population to national income.
e. a specific value of per capita GNP.
Question 2
Welfare economics is the study of how the allocation of resources affects economic well-being.
a. the allocation of resources affects economic well-being.
b. price controls work.
c. the government helps poor people.
d. to produce greater equality.
The Scale of Life
Example of CPT conventions in the Index.
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