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If a new poverty measure were calculated to include wealth (total debts subtracted from total assets),...

If a new poverty measure were calculated to include wealth (total debts subtracted from total assets), that new poverty measure would reflect the fact that

A. income is the central measure of whether a family lives in poverty.

B. net worth has very little to do with poverty in the United States.

C. measures of wealth have to be reformulated every decade or so.

D. the experience of poverty can vary for families with the same income levels.

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Answer #1

Ans: D.

Explanation:

Since poverty measure contains two variables i.e. income and wealth, it has become 2 dimensional implying that people with same level of wealth can have different poverty measures. Similarly, people with same level of income can have different poverty measures.

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