The Poverty line1.What level of income is defined as being below the poverty line in Jamaica ?2. How many Jamaicans were below the poverty line in Jamaica as stated in the lastset of figures available? (not before 2016).Poverty Reduction3. Describe two ( 2) initiatives of the Jamaican government aimed at lesseningpoverty in Jamaica embarked on over the past 5 years ?Hunger in Jamaica4.Do you agree with the findings of the Borgen Project(( found in your readings)express your views about what is stated in the report of this project, in a one(1)page response.

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1.What level of income is defined as being below the poverty line in Jamaica ?

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter18: Income Distribution And Poverty

Section: Chapter Questions

Problem 6QFR

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1. Income inequality and the poverty rate The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2019, the poverty line is set at an annual income of $40,850 for an individual. Share of Total Income in Perkopia (Percent) Year Lowest Quintile Second Quintile Middle Quintile Fourth Quintile Highest Quintile 2001 4.0 10.0 16.5 23.0 46.5 2007 3.8 9.7 15.0 22.5 49.0 2013 3.4 8.8 14.8 22.0 51.0 2019 3.0 8.2 14.0 21.8 53.0 The data in the table suggest that there was income inequality from 2001 to 2019.
Complete the following table to help you determine the poverty rate in Perkopia in 2019. To do this, begin by determining the total income of all individuals in each quintile using the fact that total annual income in the economy is $500,000,000. Next, determine the income of an individual in each quintile by dividing the total income of that quintile by the number of people in that quintile. (Hint: Recall that Perkopia has a population of 10,000 people.) Finally, determine whether the individual income for each quintile falls below the poverty line of $28,000. Quintile Share of Income in 2019 Total Income Individual Income Below Poverty Line? (Percent) (Dollars) (Dollars) Lowest 4.0 Second 10.0 Middle 16.0 Fourth 23.0 Highest 47.0 Using the information in this table, the poverty rate in Perkopia in 2019 is . Suppose that the government introduces a welfare program in…
1. Income inequality and the poverty rate The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2019, the poverty line is set at an annual income of $40,850 for an individual. A Share of Total Income in Perkopia (Percent) Year Lowest Quintile Second Quintile Middle Quintile Fourth Quintile Highest Quintile 2001 4.0 10.0 16.5 23.0 46.5 2007 3.8 9.7 15.0 22.5 49.0 2013 3.4 8.8 14.8 22.0 51.0 2019 3.0 8.2 14.0 21.8 53.0 The data in the table suggest that there was income inequality from 2001 to 2019.
Being able to work with and understand percentages and ratios is important in many different careers. Consider each of the following situations that require work with percentages or ratios. a. Some government funding is related to the number of people living in poverty in a particular area. The 2010 population of Caswell County, NC, was 23,719 and 21.7% of the people were living in poverty. (Source: quickfacts. census.gov/qfd/states/37/37033.html) How many people were living in poverty in Caswell County, NC, in 2010? b. Wisconsin farmers received an average price of $17.60 per 100 pounds for their milk in April 2012, down $1.60 from April 2011. By what percentage did the average price of milk decrease between April 2011 and April 2012? (Source: www.nass.usda.gov/Statistics_by_State/Wisconsin/Publications/Dairy/mkallpri.pdf) c. The Centers for Disease Control estimates that 1 in 6 people in the United States suffer food poisoning in any given year. At the beginning of 2012, the…
Please write down only the answers. Attachment screenshot is for your reference as well. 1. Income inequality and the poverty rate The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2007, the poverty line is set at an annual income of $27,400 for an individual. Share of Total Income in Perkopia [Percent] Year Lowest Quintile Second Quintile Middle Quintile Fourth Quintile Highest Quintile 2001 5.0 11.0 16.0 24.0 44.0 2007 3.8 9.9 15.2 22.5 48.6 2013 3.5 9.2 14.8 22.0 50.5 2019 3.2 8.2 14.0 21.5 53.1 The data in the table suggest that there was_______ [NO Change In (OR) NO Evidence Of (OR) An Increase In (OR) A Decrease In] income inequality from 2001 to 2019. Complete the following table to help you determine the poverty rate in Perkopia in 2007.…
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1. Income inequality and the poverty rate The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2004, the poverty line is set at an annual income of $25,300 for an individual. Note: This question uses quintiles, which are a statistical value of a data set that includes 20% of the population. This means that the population has been divided into fifths, where the first quintile is the lowest 20% of the values of the variable of interest, and so on to the fifth quintile, which is the highest 20% of the values. Year 1998 2004 2010 2016 Lowest Quintile 3.2 3.4 3.8 4.0 Share of Total Income in Perkopia (Percent) Middle Quintile Fourth Quintile Second Quintile 8.0 9.0 9.5 10.0 The data in the table suggest that there was 14.0 14.6 15.4 16.5 21.8 22.0 22.7 24.0 Highest Quintile 53.0 51.0…