Final answer:
(d) all of the above.
Higher income countries tend to have lower levels of absolute poverty due to a combination of more employment opportunities, public assistance, and entrepreneurship opportunities. The overall standard of living is also improved through heightened productivity and social services.
Step-by-step explanation:
Higher income countries often experience lower levels of absolute poverty, and this can be attributed to multiple factors.
These include: (a) more employment opportunities, which provide individuals with the chance to earn a living; (b) more public assistance, which helps to support those who are unable to find work or who are in need; and (c) greater entrepreneurship opportunities, allowing individuals to start their own businesses and create new sources of income.
In summary, the correct answer is (d) all of the above.
Most developed countries offer various forms of social services, such as unemployment insurance, welfare, and food assistance, all aiming to shield citizens from falling into poverty.
In addition, programs like job training and retirement plans, including Social Security, are often established to prevent poverty, especially among the elderly. Nonetheless, a major ongoing issue is the number of young people growing up in poverty, which can hinder their access to education and stable employment, perpetuating a cycle of poverty.
These services lead to a higher standard of living and are reflected in higher life expectancies, quality healthcare, and higher GDP per capita due to higher productivity levels and lower population growth rates in these countries.
Higher income countries tend to have lower levels of absolute poverty due to a combination of factors: (a) more employment opportunities, which provide individuals with a steady income and reduce the risk of poverty; (b) more public assistance programs, such as unemployment insurance, welfare, and food assistance,
which provide a safety net for individuals facing economic hardships; and (c) greater entrepreneurship opportunities, which allow individuals to create their own businesses and generate income.