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In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?
In country B, the population is 900 million and 100 million people are living below the poverty line. What is the poverty rate?
Which country has the higher poverty rate? Which country is doing worse? How do you know this?
Video that are helpful.
Lorenz Curve and Gini Coefficient – Measures of Income Inequality (Econplus) – 7:58
Poverty and Economic Inequality Defined (One Minute Economics) – 1:43
How is Poverty Measured? (Institute for Research on Poverty) – 4:18
How Poverty is Measured in the United States (AmeriCorps Service Resources) – 2:34
The Poverty Trap (International Hub) – 3:30
Lyndon Johnson’s “Great Society” Explained (One Minute Economics) – 1:12
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