Use the following information to calculate poverty rates for the following two countries, Woolandia and Narnia. Set the poverty line to $365. What is the Poverty Gap Index for each country? What does this measure tell you that is different from the headcount index?

Q: In 2018, the poverty threshold was raised to $24,858 from the 2010 threshold of $22,113 for a…

A: The poverty threshold or poverty line is the minimum amount of income needed to cover basic needs in…

Q: Use the following information to calculate poverty rates for the following two countries, Woolandia…

A: The poverty line is a predefined income threshold used to determine the minimum income deemed…

Q: what knowledge about poverty severity we gain from looking at the poverty gap index and poverty head…

A: Poverty is when the household or individual lacks the basic resources and income, and thus basic…

Q: Poverty rates for females, Hispanics, and African Americans are for white males. much higher than…

A: Poverty rate for females, hispanics & african americans are mich higher than that for white…

Q: In 2018, the poverty rate was 4.7% for married couple families and 12.7% for father-only…

A: Poverty: - Poverty is the economic condition of a person in which that person does not even possess…

Q: Most people in the United States living below the poverty line are _____________. Group of answer…

A: Answer: Poverty line: poverty line refers to the minimum level of income at which if any person…

Q: Which TWO of the following are most likely to be associated with an increase in the incidence of…

A: In an economy, when there is an increase in poverty, it implies higher inequality in income…

Q: A sobering census report: Americans' meager income gains The Census Bureau reported that median…

A: Income inequality refers to the unequal distribution of income among individuals or households…

Q: Give a numerical example of how the headcount index doesn’t account for changes in the distribution…

A: The head count ratio (HCR) is the percentage of the population that falls below the poverty line. It…

Q: do minimum wage laws affect overall poverty? Explain.

A: Minimum wage law prohibits employers from hiring employees or workers for less than a given hourly,…

Q: what would happen if Governments increase the level of welfare payments.

A: Welfare benefits are government implemented programs that help in increasing the standard of living…

Q: Explain how a person can be employed and still be living under the poverty threshold. Please help,…

A: Poverty is defined as a standard under which a person lacks basic means to get necessities of life.…

Q: Being able to work with and understand percentages and ratios is important in many different…

A: A ratio is a comparison of two quantities that are similar. Given any two identical values a and b,…

Q: argumantive speech about: Are we doing enough to end poverty?

A: Poverty is situation or state of a person or who do not have enough money to fulfill his basic needs…

Q: Explain the role of government in reducing poverty. Use the example of how social security and…

A: The government would result in the economic agent which would be responsible for the increase in the…

Q: 1. A government economist, Mollie Orshanky, first calculated this in 1963 by multiplying the cost of…

A: Correct answer is d. poverty line Poverty line is a minimum earning threshold below which a person…

Q: In several places in his book, The Economics of Poverty: History, Measurement, and Policy, and the…

A: A poverty trap refers to a situation where individuals or communities are trapped in a cycle of…

Q: Why is poverty unfair?

A: Poverty refers to the state of an individual not having enough earnings/assets for meeting his basic…

Q: What is a poverty trap? How could a household become stuck in a poverty trap?

A: when people are not able to afford goods that are basic necessity to them, then we can say that they…

Q: of the welfare program in Perkopia is    .   Again, suppose the government introduces a welfare…

A:

Q: there an increase in poverty and inequality?

A: poverty means lack of money to satisfy basic needs of life - food ,clothing and shelter inequality…

Q: Provide a definition of the “poverty line.” How does the government calculate the measure (give…

A: Poverty is the state of being poor. That is, lacking financial resources and necessities for a…

Q: Consider a population of 10 people with the following incomes 1,1,3,3,4,4,4,6,8,10 with a poverty…

A: The poverty gap is a financial measure which captures the mean shortfall of the total population…

Q: How can The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) will lessen or worsen poverty…

A: The Tax Reform for Acceleration and Inclusion Law  aims at lowering the tax rates on normal citizen…

Q: A group of 10 people have the following annual incomes: $24, 000, $18, 000, $50, 000, $100, 000,…

A: Solution: Writing the given incomes in increasing order. First quintile 10000 12000 Second…

Q: Talk with some classmates about how much a family of four (two parents and two young children) in…

A: The primary issue is to gauge the annual cost of living for a family of four (two grown-ups and two…

Q: In the United States, the incidence of poverty has declined since the 1970s. True False

A: Answer: True, Explanation: The incidence of poverty measures the proportion of families/individuals…

Q: briefly describe income inequality in America

A: Income inequality refers to the degree to which income is distributed unequally throughout a…

Q: Antipoverty programs are often set up so that the amount of government benefits will decline…

A: Antipoverty programs which benefits the individual when some one liew below the poverty line and…

Q: Which of the following are true regarding the measurement of poverty? The poverty rate is the…

A: In economics, the term poverty is used to explain the economic situation when some people are unable…

Q: In measuring poverty, what are factors excluded in the main definition of poverty that are included…

A: The resource definition for the Supplemental Poverty Measure includes not just monetary income, but…

Q: What are the principal causes of income inequality and what are popular and conventional measures to…

A: The measure that depicts the uneven distribution of income throughout a population is being known as…