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Absolute And Relative Poverty

Consider the following statements with reference to the absolute and relative poverty:

  1. Absolute Poverty is measured relative to a fixed standard of living; that is, an income threshold that is constant across time.
  2. The International Poverty Line is the best known poverty line for measuring Absolute Poverty globally.
  3. Relative Poverty is measured relative to living standards in a particular society, and varies both across time and between societies.

Which of the statements given above is/are correct?

A
Only 1
B
Only 3
C
2 and 3
D
1, 2 and 3