Suppose that a family's income is exactly the same as the poverty threshold.This family's income deficit would beand their ratio of income to poverty would beO 0; 10 ; 01;0O 1;1Consider a family of four in 2008, whose poverty threshold is $22,024. If this family's total income was $12394, whatwould their income deficit be?income deficit: $

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Consider a family of four in 2008, whose poverty threshold is $22,024. If this family's total income was $12394, what would their income deficit be?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 3.10P

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Question

Suppose that a family's income is exactly the same as the poverty threshold.
This family's income deficit would be
and their ratio of income to poverty would be
O 0; 1
0 ; 0
1;0
O 1;1
Consider a family of four in 2008, whose poverty threshold is $22,024. If this family's total income was $12394, what
would their income deficit be?
income deficit: $

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