The percentage of the population living below the poverty line is called the: Group of answer choices Poverty line Income deficit Poverty gap Poverty rate
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- Antipoverty programs are often set up so that the amount of government benefits will decline substantially as poor people earn more income. This can cause a poverty trap an income inequity a poverty line a safety netGive a numerical example of how the headcount index doesn’t account for changes in the distribution below the poverty line. Assuming that the poverty line is 2, calculate the values of the index for each of the following distributions: a) (1, 2, 3) b) (1.5, 1.5, 3) c) (1, 2, 2, 3) d) (0.75, 2.5, 2.75)The income threshold used by the organization International Poverty Line for extreme poverty a. Is a guideline for policy makers and not an exact “tipping point” at which point a person falls into extreme poverty. b. Is adjusted for price differences across countries. c. Is one of several thresholds sometimes used to discuss poverty that show that the percentage of people living in poverty has been declining in recent decades. d. Is agreed on by all organizations working on poverty. e. All of the above except d.
- Use 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?What groups in the U.S. population are most likely tolive in poverty?In the United States poverty rates among African-Americans are high and most people living below the poverty line are African American American Indian white Hispanic
- 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?Consider a population of 10 people with the following incomes 1,1,3,3,4,4,4,6,8,10 with a poverty line of 5. Suppose that the poverty line increases to 6. Calculate the change in normalized poverty gap. 6.6 0 0.06 00.3 0.36What 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?
- 1. A government economist, Mollie Orshanky, first calculated this in 1963 by multiplying the cost of a very minimal diet by 3, as a 1955 government study had determined that the typical American family spent 1/3 of its income on food. Group of answer choices a. episodic poverty b. popularity index c. welfare line d. poverty lineA group of 10 people have the following annual incomes: $24, 000, $18, 000, $50, 000, $100, 000, $12, 000, $36, 000, $80, 000, $10, 000, $24, 000, $16, 000. Calculate the share of total income that each quintile receives from this income distribution. What percent of the total income is represented by the highest quintile? Round your answer to the nearest tenth. Provide your answer below:Most people in the United States living below the poverty line are _____________. Group of answer choices American Indian African Americans Hispanics whites
