Explain the relation of each and every box with the next box in separate elaborative points. And in the end, also give a summary that how this causes poverty trap. POVERTYTRAP LowlevelofeducationLoweconomicand healthgrowthcareGrowth / DevelopmentLow levelsof humanLowLowinvestmentincomecapitalLowLowproductivitysaving

When people or a group of people in the economy are unable to fulfill the basic needs and wants of…

Answered: Explain the relation of each and every…

Explain the relation of each and every box with the next box in separate elaborative points. And in the end, also give a summary that how this causes poverty trap.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 8P

See similar textbooks

Related questions

Q: Can you propose a different poverty measure that will be able to reflect the regressive transfer?

A: Regressive transfer means tranferring income from not richer individual to not porrer individual.

Q: How does the government make an equitable/impartial/fair distribution of income? Give an example and…

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: The refers to the specific amount of income needed for a basic standard of living. poverty trap…

A: The amount required for a basic standard of living.

Q: The following table summarizes the income distribution for the town of Perkopia, which has a…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: The Lorenz curves in the graph above show the effects of a tax system on income inequality. Which of…

A: Analysis of the diagram In this graph we can see three lines. The first line is a straight line…

Q: Which of the following are effective anti-poverty policies? a) Rent controls b) Farm…

A: Poverty is very serious issue in most of the country around the world. So, government of the country…

Q: The table shows the distribution of market income. Market income (percent of total) 1 7 14 23 55…

A: The theory of lorenz curve is given by the American economist Maz O. Lorenz. The Lorenz Curve shows…

Q: What is a poverty trap? How could a household become stuck in a poverty trap?

A: when people are not able to afford goods that are basic necessity to them, then we can say that they…

Q: If the United States is to reduce poverty by using a negative income tax, the guaranteed income…

A: We will use concepts such as negative income tax and tax credit to answer this question.

Q: Provide a definition of the “poverty line.” How does the government calculate the measure (give…

A: Poverty is the state of being poor. That is, lacking financial resources and necessities for a…

Q: Absolute poverty may differ from country to country by a. income brackets b. health metrics c.…

A: When talking about absolute poverty, it does not only depends upon living standards based on…

Q: What goods and services would you include in an estimate of the basic necessities for a family of…

A: Poverty is a situation or circumstance wherein the financial services and necessities for a decent…

Q: Poverty Trap 7. The American Poverty Trap is a phrase used to describe the tendency for individuals…

A: In America, the unemployed have various benefits including the unemployment benefits. Once the…

Q: If the poverty threshold is approximately $16,000 for a household of three, what is the ratio of…

A: Given information - Poverty threshold = $16,000 Total family income = $12,000 Formula for…

Q: (a) The income gap ratio and the head count, as measures of poverty, may lead to very of antipoverty…

A: Poverty: It refers to the people who are unable to earn that much amount of money that can fulfill…

Q: Your friend points to the wages earned by your economics professor and her teaching assistant (TA)…

A: The economic lifecycle refers to the consumption and income patterns of individuals over the course…

Q: In a column in the Washington Post, Robert J. Samuelson wrote: "As for what's caused greater…

A: In the society there exists inequality in earning capacity of people. This is why the government…

Q: Describe the concept poverty line in detail

A: Poverty is an economic state of being in which an individual experiences a dearth of resources to…

Q: Would the following critiques of a poverty line produce a poverty rate that under or overstated…

A: It is absolute in a country where income is growing is a overstated. For non cash benefits, it is…

Q: Many economists believe that a more effective way to supplement the income of the poor is through a…

A: Taxes owed = (1/4 of income) - $10,000 --------------------- When income is $0 Taxes owed = (1/4 *0)…

Q: How will The Tax Reform for Acceleration and Inclusion will lessen the worsen poverty and income…

A: The Tax Reform for Acceleration and Inclusion is a law regarding the taxation system in the…

Q: In the United States, the incidence of poverty has declined since the 1970s. True False

A: Answer: True, Explanation: The incidence of poverty measures the proportion of families/individuals…

Q: What is the poverty trap? Group of answer choices A)The situation where government assistance can…

A: Poverty trap is related to the existence of poverty in an economy, and the inability to escape from…

Q: Using the discussion of pay-as-you-go social security programs. explain how to derive the result…

A: The social security program was established to give security to senior individuals, disabled…

Q: What are some of the causes of the poverty trap? O Over the years a person cannot breakeven. O…

A: Poverty Trap:- It is a vicious cycle of poverty in which people from one generation to next…

Q: In measuring poverty, what are factors excluded in the main definition of poverty that are included…

A: The resource definition for the Supplemental Poverty Measure includes not just monetary income, but…

Q: Dina and Charles are married, under the age of 65, and have two children under the age of 18.…

A: "Poverty refers to the condition where a household is deprived of basic and necessary goods because…

Q: Explain the trade-off between equity and efficiency in poverty-reduction policy.

A: Equity refers to the concept wherein the citizens of the country are included. It allows the…

Q: The concept of a poverty line raises a number of complex questions. Which of the following…

A: Poverty is defined as a lack of sufficient material goods or money to meet one's fundamental…

Q: The table below is an illustration of Pareto efficiency criterion after the implementation of a…

A: Pareto efficiency refers to the situation in which the all economic agents reached at a level where…

Q: If a family of three earned $21,000 in 2017, would they be able to make ends meet given the official…

A: Number of person in the family = 3 Total earning by three members = $21000

Q: Which statements are true? 1. Modern sector enlargement assures a better Lorenz Curve for a nation.…

A: 1)Enlargement only in the modern sector does not guarantee a better Lorenz curve. Lorenz curve shows…

Q: The two figures below show trends in poverty rates and inequality for the U.S. (a) What are the…

A: (a) What are the trends in poverty and inequality from 2010 to 2019? As per the figure the trends…

Q: A mother who does not work receives $18,000 in welfare benefits from the government. Suppose that…

A: The poverty trap refers to the situation when it is not possible for the poor population to come out…

Q: a. Is the presence of an underground economy likely to result in a Gini coefficient that overstates…

A: Gini coefficient is often being used as a gauge of economic inequality which measures the…

Q: give a summary that how this causes poverty trap.

A: A poverty trap is a situation from which people cannot escape from the poverty,

Q: Explain the concept of absolute poverty and relative poverty.

A: According to the given question Poverty is what we can say that when the public or the people lacks…

Q: Explain the relation of each and every box with the next box in separate elaborative points. And in…

A: Poverty traps are rare, but exist. It is a cycle of situations that only leads to further decline in…

Q: [1] Consider an income distribution S: (10, 20, 30, 50, 100). Suppose it is divided into two groups,…

A: The poverty line in an economy represents the minimum level of income, which shows the minimum level…

Q: WHAT ARE SOME POLICIES THAT A GOVERNMENT CAN IMPLEMENT TO REDUCE INCOME INEQUALITY? SELECT ALL THAT…

A: Income inequality is how unevenly pay is circulated all through a populace. The less equivalent the…

Q: You have learned that poverty is an concern which the government has programs to address. An example…

A: The poverty trap is a trap from which it is tough to escape poverty for the people. It is a cycle of…

Q: In order to measure income inequality, economists look at how income is distributed in ... Group…

A: Economics is the branch of knowledge in which we study the scarcity of resources and unlimited…

Question

Explain the relation of each and every box with the next box in separate elaborative points. And in the end, also give a summary that how this causes poverty trap.

POVERTY
TRAP Lowlevelof
education
Low
economic
and health
growth
care
Growth / Development
Low levels
of human
Low
Low
investment
income
capital
Low
Low
productivity
saving

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

This chapter discusses the importance of economicmobility.a. What policies might the government pursue toincrease economic mobility within a generation?b. What policies might the government pursue toincrease economic mobility across generations?c. Do you think we should reduce spending oncurrent welfare programs to increase spending onprograms that enhance economic mobility? Whatare some of the advantages and disadvantages ofdoing so?
Describe what benefits may come from a reproductive policysuch as China’s. Now describe several problems that mayresult.Do you think a government should be able to enforcestrict penalties for citizens who fail to abide by such a policy?Why or why not? What alternatives to China’s policy can yousuggest for dealing with the resource demands of a rapidlygrowing population?
How comprehensive income is measured according to Haig Simon's definition?
The table below is an illustration of Pareto efficiency criterion after the implementation of a state income policy in some selected Ministries . Before policy. After policy Ministry A. 400 800 Ministry B. 200 200 Ministry C . 300 300 Total. 900 1300 Is there a Pareto improvement? Why?
The table below is an illustration of Pareto efficiency criterion after the implementation of a state income policy in some selected Ministries . Before policy. After policy Ministry A. 400 800 Ministry B. 200 200 Ministry C . 300 300 Total. 900 1300 Analyse the welfare condition of the Ministries after the income policy.
what political, economic, religious and other social factors influence population policy considerations?
The company that you manage has invested$5 million in developing a new product, butthe development is not quite finished. At arecent meeting, your salespeople report that theintroduction of competing products has reduced theexpected sales of your new product to $3 million. Ifit would cost $1 million to finish development andmake the product, should you go ahead and do so?What is the most that you should pay to completedevelopment?
What accounts for the rapid growth in the number ofolder Americans?
How can Universal Basic Income be implemented in Afghanistan suceelfully ?
Of those Americans without health care protection, the poor and children comprise the majority. T or F?
When recording devices were first invented morethan 100 years ago, musicians could suddenly supplytheir music to large audiences at low cost. How doyou suppose this development affected the income ofthe best musicians? How do you suppose it affectedthe income of average musicians?
What is the SIGNIFICANCE OF STUDY of "The Impact of the Pandemic on Cost of Living between Different Income Level"?