"How comfortably people live" is the definition of which vocabulary term?

• Relative Poverty

• Standard of Living

• GDP per capita

• Absolute Poverty

"A condition where household income is below the average standard of living of their country" is the definition of which vocabulary term?

• Relative Poverty

• Absolute Poverty

• Living Wage

• Minimum Wage

What is the U.S. minimum wage?

• $1.90

• $5.00

• $7.25

• $11.00

What is living wage?

• People who have a job but fall below the poverty line

• How expensive it is to live in a certain location

• The lowest amount of money a person can legally be paid.

• The minimum income needed for a worker to meet their basic needs.

What is the difference between GDP and GDP per capita?

• GDP is the amount of money an entire country has;

  GDP per capita is the money an average adult makes

• GDP is the money an average adult makes;

  GDP per capita is the money an entire country has

• GDP is always in the thousands;

  GDP per capita is always in the billions or trillions

• GDP should be high;

  GDP per capita should be low

Which of the following is an example of a developed country?

• Haiti

• Kenya

• United States

• North Korea

People in the United States are most likely to live in which type of poverty?

• Absolute

• Relative

Which of the following continents has the highest rate of absolute poverty?

• Africa

• Asia

• North America

• Europe

Which of the following cities has the lowest living wage?

• San Francisco

• New York City

• Chicago

• Des Moines

Which of the following statements is FALSE?

• Living wage is often higher than minimum wage

• States can set a higher minimum wage than $7.25, but it can't be lower

• People living in relative poverty are never able to afford their basic needs

• All countries in Africa are considered developing