Answer to Question #63373 in Microeconomics for jeff

Question

Look at Figure 3.3. Explain why the poverty rate for persons did not rise as rapidly as did the number of poor persons from 1989 to 1993.

Answer 1

The poverty rate for persons did not rise as rapidly as did the number of poor persons from 1989 to 1993, because the total number of population increased too, that's why the poverty rate change was not so significant.