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    Poverty Is

    Uploaded by

    shinycrownvanilla

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    © All Rights Reserved
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    Poverty Is

    Uploaded by

    shinycrownvanilla
    5 views2 pages

    Original Title

    Poverty is

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    Copyright:

    © All Rights Reserved
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    5 views2 pages

    Poverty Is

    Uploaded by

    shinycrownvanilla

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    a.

    Poverty is a state or situation in which a person or a group of people don't have enough
    money or the basic things they need to live

    b. Poverty occurs when individuals cannot afford necessities such as food and shelter. It is a
    concern for the US government because it first increases crime rates, causes poor health,
    and lowers national output. With 15 percent of the US population living below the poverty
    line, that means over 46 million people are spending their income, if they have any, on
    limited supplies of food, shelter, and clothing. Poverty can also force the government to
    spend more on welfare programs. This means the government needs more tax revenue,
    putting financial strain on the public. Reducing poverty is also one of the main
    macroeconomic objectives, as lower poverty rates allow for a better economy with higher
    production, productivity, living standards, and GDP.

    c. I believe living standards will always be higher in developed countries than in developing
    countries. My reasons are as follows.
    Firstly, because developed countries have relatively high GDPs, they have good public
    infrastructure, healthcare, and low unemployment. Low unemployment means that the
    average person earns money regularly. This leads to higher disposable income and can
    cover all necessities such as clothing, food, and shelter. Therefore, the standards of living
    will be higher.
    Another reason is that low unemployment allows for higher government revenue. This
    enables the government to spend more on public infrastructure and welfare to reduce
    poverty. Because the government has spent more on public infrastructure and welfare,
    the average household can fall back on welfare payments, lowering overall poverty and
    increasing living standards.
    However, in some developed countries, the wage gap can mean that only a small
    percentage of the country's population actually experiences high living standards.
    Because the rich make the GDP seem high and allow for high national output, this makes
    the country more developed. However, this leads to the problem that the poor may still
    live in poverty without any improvements in the public sector. Therefore, average living
    standards are still low.
    The cost of living can also impact the average household's disposable income. Some
    developed countries have higher costs of living, which means people have less disposable
    income, which reduces the perceived quality of life. Therefore, living standards can be
    lower in developed countries than in developing countries.

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