SavedSuppose that we have a country with a population of 60 million, where 3 million are below the poverty line. The poverty rate would be4%6%.5%.1%.Next6 of 8Prev**ere to search5a

The poverty rate is calculated through the ratio as defined as "a number of people" (aimed at the…

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Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 5SCQ: How does the TANF attempt to loosen the poverty trap?

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Brining the income of those living on less than $1.25/day up to the minimal poverty line would require % of the income from the worlds wealthiest 10%. 02 03 01 05
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.
Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers, but a substitute for low-come workers like file clerks and telephone receptionists.
Explain how a country may experience greater equality in the distribution of income, yet still experience high rates of poverty. Hint: Look at the Clear It Up 'How do governments measure poverty in low-income countries?' and compare to Table 15.5.
A5 South Africa's top 10% of earners contribute almost half of all revenue, and the richest 10% of its residents holds 85.6% of net wealth, according to the OECD, which sees scope for the tax system to be used more to reduce inequality. Based on the above paragraph, which of the following statements is INCORREC A. South African 's bottom 90%of income earners contribute allof to the revenu B. South Africa's income inequality levels are very hig C. South Africa' s income inequality levels are very lo D. South Africa's income contribution is equalwheT
1. write a short essav tha summarizes the problems by which the official poverty rate is determined.2. Sit down with some classmates and estimate what a family of four (two parents, two voung children) in your area would have to day annually for food. clothing. shelter. energy, and other necessities of lite. What figure do you end up with? How does this sum ot money compare with the official poverty line of 22,213 in 2010 for a family of four?3. Why do you think the maiority of Americans assume poor people lack the motivation To WORK4. Explain to a friend how labor force participation data indicate that it is inaccurate to think that poor people lack the motivation to work.
A challenger presidential candidate vows to cutentitlement spending by 20 percent in the first fewweeks that he is in office. Why is it unlikely thecandidate could achieve this reduction?
How can a program that subsidizes housing for low income families avoid creating a poverty trap? O Have the benefits reduce only gradually as family income increases All of these could reduce help avoid the poverty trap but at a cost O Limit the amount of time people can use the benefit Create work requirements
Of all the Americans who live in poverty, most are families. A. black; white B. Hispanic; white O c. black; Hispanic OD. white; black and Hispanic % 5 1 6 M Oll & 7 8 families, while the highest poverty rate is among O - C Next M ytl ers Car
Explain what the long- and short-term consequences are of not promoting equality or working to reduce poverty.
Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how a program that increased educational levels for a substantial number of low-skill workers could reduce inflame inequality.
A group 0f 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. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution?

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Saved Suppose that we have a country with a population of 60 million, where 3 million are below the poverty line. The poverty rate would be 4% 6%. 5%. 1%. Next 6 of 8 Prev **e re to search 5a