Question

In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?

Short answer

In country A, the poverty rate is 16.67%.

Step-by-step solution

Identify the given numbers

We are given: - Total population in country A: 300 million - People living below the poverty line: 50 million

Calculate the poverty rate

We need to find the percentage of people living below the poverty line. To do this, divide the number of people living below the poverty line by the total population and multiply the result by 100: Poverty rate = \(\frac{Number\: of\: people\: living\: below\: the\: poverty\: line}{Total\: population}\) × 100

Substitute the given numbers

Now, plug in the given numbers into the formula: Poverty rate = \(\frac{50\: million}{300\: million}\) × 100

Simplify the fraction

Simplify the fraction: Poverty rate = \(\frac{1}{6}\) × 100

Convert the fraction to a percentage

Multiply the fraction by 100 to find the percentage: Poverty rate = \(\frac{1}{6}\) × 100 = 16.67% In country A, the poverty rate is 16.67%.