Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 12, Problem 7SQ
To determine
The implication of the poverty line.
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Students have asked these similar questions
Absolute poverty may differ from country to country by
a. income brackets
b. health metrics
c. composition of goods
d. social security of every individual
e. monetary amount
97. If the United States is to reduce poverty by using a negative income tax, the guaranteed income should be
a.
above the poverty line.
b.
close to the median income of all families.
c.
two times the tax rate.
d.
close to the poverty line.
Most people in the United States living below the poverty line are _____________.
Group of answer choices
American Indian
African Americans
Hispanics
whites
Chapter 12 Solutions
Micro Economics For Today
Ch. 12.2 - Prob. 1YTECh. 12.2 - Prob. 2YTECh. 12.5 - Prob. 1.1YTECh. 12.5 - Prob. 2.1YTECh. 12 - Prob. 1SQPCh. 12 - Suppose each family in the United States earned an...Ch. 12 - Prob. 3SQPCh. 12 - Prob. 4SQPCh. 12 - Prob. 5SQPCh. 12 - Prob. 6SQP
Ch. 12 - Prob. 7SQPCh. 12 - Prob. 8SQPCh. 12 - Prob. 9SQPCh. 12 - Prob. 10SQPCh. 12 - Prob. 11SQPCh. 12 - Prob. 1SQCh. 12 - Prob. 2SQCh. 12 - Prob. 3SQCh. 12 - Prob. 4SQCh. 12 - Prob. 5SQCh. 12 - Prob. 6SQCh. 12 - Prob. 7SQCh. 12 - Prob. 8SQCh. 12 - Prob. 9SQCh. 12 - Prob. 10SQCh. 12 - Prob. 11SQCh. 12 - Prob. 12SQCh. 12 - Prob. 13SQCh. 12 - Prob. 14SQCh. 12 - Prob. 15SQCh. 12 - Prob. 16SQCh. 12 - Prob. 17SQCh. 12 - Prob. 18SQCh. 12 - Prob. 19SQCh. 12 - Prob. 20SQ
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Similar questions
- Provide a definition of the “poverty line.” How does the government calculate the measure (give the“formula”). Does it fairly measure whether a person is poor? Give reasons for your answer.arrow_forwardDefine poverty line ?arrow_forwardQuestion 15 Which of the below statements is INCORRECT with regard to poverty in the U.S.? The poverty threshold was created my Mollie Orshansky of the Social Security Administration, in the 1960s. The "poverty threshold," "poverty guidelines" and "poverty line" are identical numbers and are all used for exactly the same purpose. For the year 2021, a single individual making less than $12,880 in any of the 48 contiguous states, falls below the poverty line. For the year 2021, a four person family making less that $29,200 a year in any of the 48 contiguous states, falls below the poverty line.arrow_forward
- The largest single program in the U.S. welfare state is: a. Food stamp program b. Temporary Aid Needy Families (TANF) c. Earned Income Tax Credit (EITC) d. Social Securityarrow_forwardDescribe the concept poverty line in detailarrow_forwardLorenz curve show the inequality in income distribution but it does not show a. the debts involved b. the country of inequality c. amount of income d. the percentage of populationarrow_forward
- Official data may overstate the extent of poverty because a. it overstates the taxes paid by the poor. b. it overestimates the amount the poor earn in the “underground economy.” c. it does not add “in-kind” transfers to the incomes of the poor. d. poverty is a relative concept as opposed to an absolute concept.arrow_forwardWhat goods and services would you include in an estimate of the basic necessities for a family of four? How subjective is the concept of poverty line? How subjective is the concept of poverty line?arrow_forwardWhich of the following is NOT one of the reasons for the "welfare state"? Select one: a. Reducing poverty and providing access to healthcare b. Alleviating income inequality c. Alleviating economic insecurity d. Increasing economic equalityarrow_forward
- Write your ideason what should be done to halt the inequality among people experienced in each category. Education health occupationarrow_forward12. Assume that the absolute poverty line is $120 in Pakistan. The total population of Pakistan is 194 million and the number of people in Pakistan whose incomes fall below the absolute poverty line is 102 million. The headcount ratio or headcount index of Pakistan is: a. 52.6% b. 190% c. 1.90% d. .526%arrow_forwardHow do Economists define Poverty? 1. Economist define the concept of poverty as an economic state where an individual or household level of income is below a level of annual income necessary to provide a minimum or basic standard of living. 2. The poverty rate is directly related to how income is distributed within a society. Per capita income in 2015 and 2016 is estimated at $56,850 and $62,606, respectively. 3. A minimum standard of living refers to the ability of an individual to acquire food, clothing and housing at an adequate level to avoid economic distress. 4. The U.S. government economists evaluate the cost to individuals and households to acquire food, clothing, and housing to maintain a minimum healthy lifestyle. 5. The bench market for the income level necessary to maintain a basic standard of living is based on USDA Research that uses a baseline cost estimate associated with maintaining a healthy diet of 1800 to 2300 calories per day. * YouTube Q [) 5:09 / 5:37 CC Which…arrow_forward
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