A poverty threshold represents the minimum annual household income for a family not to be considered poor. In​ 1995, the poverty threshold for a family of four with two children under the age of 18 years was $15,828.In​ 2005, the poverty threshold for a family of four with two children under the age of 18 years was $19,739. Assuming poverty thresholds increase in a​ straight-line fashion, use the midpoint formula to estimate the poverty threshold of a family of four with two children under the age of 18 in 2000.   The poverty threshold of a family of four with two children under the age of 18 in 2000 is ​$

Suppose one third of all families on the island of Sophia had zero income in a given year and the other two-thirds had the same positive income. Draw the Sophia Lorenz curve for this island's family income distribution. Also compute the Gini coefficient.

Indicators of income inequality and poverty Country Gini coefficient Ratio of income at Poverty rates % 90th percentile to 10th percentile households below 50% of average household income Australia 336 4.5 14.6 Belgium 259 3.3 9.4 Canada 324 4.2 12.0 France 293 3.4 7.2 Italy .337 4.3 11.4 Jаpan 329 5.0 15.7 Portugal .353 4.9 11.9 Spain 317 4.6 14.0 Source: OECD 2011 The table shows some selected indicators on income inequality and poverty. Based on these data, which of the following statements are correct? Select one or more answers. Select one or more: O The ratio between households at the 90th percentile and households at the 10th percentile suggests inequality is greater in Japan than in Italy. O Belgium has a higher poverty rate than France. Spain has a higher overall level of income inequality than Australia. O The Gini coefficient for Portugal means the bottom 10% of households have a greater total income than the bottom 10% of households in Canada.

In the United States, the average household in the top quintile (of total money income) contains fewer per True False

The American Community Survey (ACS) is an ongoing nationwide survey conducted by the United States Census Bureau. The ACS provides data on income levels classified by race, gender, educational attainment, employment status and housing characteristics, among other categories. This data is used by many organizations, both public and private, to allocate funds and assess the changing conditions in local communities.   According to the ACS, poverty rates in the United States are HIGHER/LOWER for part-time workers than they are for full‑time workers.   According to the ACS, poverty rates in the United States are HIGHER/LOWER for black individuals than they are for white individuals.   Suppose that the least expensive plan with which a family of four can provide itself a nutritionally balanced meal plan in 1963 is $820 .   Given this information, what is the poverty threshold in 1963 for a family of four? poverty threshold: $

The random control trials (RCT) or random experiment (RE) method adopted from the medical world by development economics is currently believed to be the best method in understanding poverty and inequality and finding solutions to solve them. Critically explain the views of proponents of this RCT by also briefly describing the method.

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What is a common way to measure income inequality? Group of answer choices A)Dividing ranked households into equal groups. B)Compare the incomes of the highest income people to the incomes of the lowest income people on a monthly basis. C)Use the IRS data to compare the income of the 20 highest income people to the income of the 20 lowest income people. D)Compare the purchasing power of the highest income people to the purchasing power of the lowest income people.

The theory of distributive justice that I found most convincing was the process of Utilitarianism. While I do agree partially with the Libertarian theory in regard to the sense of personal choice and freedom, I find the outcome of Utilitarianism to be most feasible. The feeling of collective social involvement, and working towards a distributive process with an outcome of happiness can help gauge overall community satisfaction. Regarding economic distribution, Utilitarianism has deemed the increase of worker participation to assist collective agreement of distribution. "...many utilitarians would favorably view increased worker participation in industrial life and more equal distribution of income." (W.H. Shaw, 2017, p.91) I highly agree with this form of economic distribution. I feel as if Utilitarianism provides a structure for increased worker production that can positively influence society as a whole, while simultaneously improving the economy. Personally, I desire a structure…

As income transfer programs accompanying the War on Poverty increased beginning in the latter half of the 1960s, what happened to poverty in the United States? Check all that apply. After the start of the War on Poverty, the downward trend in the poverty rate halted. In 2018, the adjusted poverty rate was only 4 percentage points lower than the official rate in 1970. The poverty rate declined substantially in the period after the War on Poverty, but not in the period before the start of the War on Poverty. The adjusted poverty rate has declined rapidly and is now less than half of the official poverty rate.