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If the poverty threshold is approximately $16,000 for a household of three, what is the ratio of income to poverty for a household of three that earns $12,000? 1.33 0.75 1.20 0.90

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the poverty threshold is approximately $16,000 for a household of three, what is the ratio of income to poverty for a household of three that earns $12,000?

1.33

0.75

1.20

0.90

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