Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Textbook Question
Chapter 15, Problem 45P
In country B, the population is 900 million and 100 million people are living below the poverty line. What is the poverty rate?
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How is the poverty rate calculated? What is the poverty line?
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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?
Chapter 15 Solutions
Principles of Economics 2e
Ch. 15 - Describe how each of these changes is likely to...Ch. 15 - Jonathan is a single father with one child. He can...Ch. 15 - Imagine that the government reworks the welfare...Ch. 15 - We have discovered that the welfare system...Ch. 15 - How does the TANF attempt to loosen the poverty...Ch. 15 - A group 0f 10 people have the following annual...Ch. 15 - Table 15.9 shows the share of income going to each...Ch. 15 - Using two demand and supply diagrams, one for the...Ch. 15 - Using two demand and supply diagrams, one for the...Ch. 15 - Here is one hypothesis: A well-funded social...
Ch. 15 - Here is a second hypothesis: A well-funded social...Ch. 15 - Which set of policies is more likely to cause a...Ch. 15 - Why is there reluctance on the part of some in the...Ch. 15 - How is the poverty rate calculated?Ch. 15 - What is the poverty line?Ch. 15 - What is the difference between poverty and income...Ch. 15 - How does the poverty trap discourage people from...Ch. 15 - How can the effect of the poverty trap be reduced?Ch. 15 - Who are the near-poor?Ch. 15 - What is the safety net?Ch. 15 - Briefly explain the differences between TANF, the...Ch. 15 - Who is included in the top income quintile?Ch. 15 - What is measured on the two axes of a Lorenz...Ch. 15 - If a country had perfect income equality what...Ch. 15 - How has the inequality of income changed in the...Ch. 15 - What are some reasons why a certain degree of...Ch. 15 - What are the main reasons economists give for the...Ch. 15 - Identify some public policies that can reduce the...Ch. 15 - Describe how a push for economic equality might...Ch. 15 - What goods and services would you include in an...Ch. 15 - If a family of three earned 20,000, would they be...Ch. 15 - Exercise 15.2 and Exercise 15.3 asked you to...Ch. 15 - Explain how you would create a government program...Ch. 15 - Many critics of government programs to help...Ch. 15 - Think about the business cycle: during a...Ch. 15 - Explain how a country may experience greater...Ch. 15 - The demand for skilled workers in the United...Ch. 15 - Explain a situation using the supply and demand...Ch. 15 - What do you think is more important to focus on...Ch. 15 - To reduce income inequality, should the marginal...Ch. 15 - Redistribution of income occurs through the...Ch. 15 - How does a society or a country make the decision...Ch. 15 - Explain what the long- and short-term consequences...Ch. 15 - In country A, the population is 300 million and 50...Ch. 15 - In country B, the population is 900 million and...Ch. 15 - Susan is a single mother with three children. She...Ch. 15 - A group of 10 people have the following annual...
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Similar questions
- Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap.arrow_forwardIf a family of three earned 20,000, would they be able to make ends meet given the official poverty threshold?arrow_forwardDescribe how the poverty line is estimated in India?arrow_forward
- Why is there an increase in poverty and inequality?arrow_forwardUse the following information to calculate poverty rates for the following two countries, Woolandia and Narnia. Set the poverty line equal to $365. Calculate the Headcount Index measure of poverty for each country. What does this tell you (or not tell you) about poverty in the countries?arrow_forwardWhat is your insight about poverty?arrow_forward
- Do you think that minimum wage laws affect overall poverty?arrow_forwardNearly One-Third of U.S. Workers Make Less than $15 an Hour Source: Leslie Albrect, MarketWatch.com, March 23, 2022 At a time when the prices of groceries, gas and other essentials have soared to new heights, nearly one- third of U.S workers earn "poverty-level wages" of less than $15 an hour. That's according to a new data analysis from the global poverty charity Oxfam, which found that 51.9 million U.S. workers make less than $15 an hour, or $31,200 a year. "It's shameful that at a time when many U.S. companies are boasting record profits, some of the hardest working people in this country especially people who keep our economy and society functioning - are struggling to get by and falling behind." said the report's author, Kaitlyn Henderson, senior research advisor at Oxfam America. " Women and people of color are "vastly overrepresented" in these low-wage jobs, the report found, with 47% of Black people making less than $15 an hour versus 26% of white people. Some 50% of working…arrow_forwardWhat groups in the U.S. population are most likely tolive in poverty?arrow_forward
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