How and why the wealthiest economy in the world has such a significant poverty is central to the Republican and Democratic policy makers. The debate touches on some of the solutions offered by these two different perspectives. Which approaches seems the most effective in your estimation?
Q: In your own words, describe the difference between "old poverty" and "new poverty." VWhat national…
A: Poverty is defined as a condition or situation in which a person or a group lacks the financial…
Q: Explain why the poverty gap ratio is the better target measure of poverty than the head- count…
A: The poverty gap represents the intensity of poverty in a country while the head-count ratio shows…
Q: The U.S. poverty rate for African Americans is substantially higher than that for Asians. True or…
A: Poverty refers to the situation of not having enough income of material possession to have a minimum…
Q: Inequality, Social Insurance, and Redistribution -End of Chapter Problem Suppose one of your friends…
A: a) Social safety net programs: These are the programs which provide health care coverage and…
Q: Assuming that conclude that both Egypt and Australia have virtually the same number of households in…
A: The Gini record,or Gini coefficient, measures pay dissemination across a populace. Created by the…
Q: Which of the following policies would be the most likely to have the effect of increasing income…
A: Option A) increasing the interest rate on bank loans Option C) lowering taxes on income from…
Q: What do you think about the income trap - is it a myth or reality? How does the middle-income trap…
A: in the middle income situation countries growth rate stuck at some points due to various factors…
Q: Why social entrepreneurship plays an important role in the poverty reduction of the country?
A: Poverty is one of the biggest challenges in development. The people are multidimensional poor not…
Q: List the causes of structural poverty?
A: Poverty is about not having enough money to meet individuals' basic needs, including food, shelter,…
Q: it is important to consider the potential for trade-offs between when designing poverty policy.…
A: A trade-off (or tradeoff) is a situational choice that includes reducing or losing one quality,…
Q: For the last ten years, how the Philippine government is executing policies to reduce poverty and…
A: As per official government data, the Philippines' poverty rate fell from 23.3 percent in 2015 to…
Q: 5. Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is…
A: The Gini coefficient (Gini list or Gini proportion) is a factual proportion of monetary disparity in…
Q: How has state capture affected the poor in South Africa? your answer should be economically based.…
A: State capture is a kind of corruption in the political system of a country where private interests…
Q: In 2000, the ratio of people age 65 or older to people ages 20 to 64 in Ecocountry was 38,4 %. In…
A: Pay-As-You-Go is referred to as a pension plan for retirement in which the beneficiaries have the…
Q: A top challenge for government programs that seek to reduce poverty is: Group of answer choices…
A: When talking about poverty, it is one of the challenges of the government to reduce as improve the…
Q: Using several types of public policies, the government has attempted to alleviate poverty, with…
A: In Canada, government implements various policies and programs to deal with poverty and improve the…
Q: What are some inherent practical problems and conceptual problems in measuring poverty.
A: Poverty is measured in the United States by contrasting an individual's or alternately family's pay…
Q: If a society decides to reduce the level of economic inequality, which of the following would help…
A: Inequality refers to the wide wage gap among people. Some are earning very high and some are earning…
Q: Explain the Central Roles of Education and Health in the fight against poverty.
A: Poverty: The term poverty refers to a situation where a person can not afford to buy basic needs…
Q: principal economic characteristics of high-poverty groups? What do these characteristics tell us…
A: Since you have asked multiple questions we will answer the two for you. Poverty is the state of…
Q: State True or False: Compared with other developed nations, the United States has one of the highest…
A: US is one of the top developed country in the world. However, the picture is quite different in case…
Q: What are the benefits to POLICY MAKER when we studied the relationship between the migration and the…
A: Economic inequality can take several forms, the two most frequent of which are differences in wealth…
Q: Two competing approaches in explaining the phenomenon of poverty inequality and solutions to…
A: The present period is influenced by different emergencies either on homegrown or unfamiliar scenes…
Q: Discuss five (5) NON-ECONOMIC REASONS why poverty is still a problem to contend with in Philippine…
A: Poverty has a direct effect on economic growth because of the constraints in credit and the…
Q: Define the term Structural Causes of Poverty?
A: Structural poverty can be defined as the poverty which arises due to the designed structure of the…
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: Which of the following is the most critical factor contributing to poverty reduction across the…
A: The most critical factor playing a role in poverty reduction across the world is commerce, trading,…
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: Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of…
A: Lorenz curve: A Lorenz bend is a graphical portrayal of pay disparity or abundance imbalance created…
Q: Using the above Lorenz Curve, answer the following questions. . . Approximately what percentage…
A: The Lorenz curve is a graphical representation of the distribution of income or wealth in a society.…
Q: Currently, about 60% of all Americans younger than 65 living below the poverty level receive…
A: Medicaid is a federal and state-run programme in the United States that assists persons with low…
Q: Lorenz curve show the inequality in income distribution but it does not show a. the debts…
A: The Lorenz curve is frequently accompanied with a straight diagonal line with a slope of 1, which…
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: explain and five-social intervention programs introduced by the government of Ghana since 2006…
A: The World Bank is estimated that the poverty rate int eh Ghana is decreases from the year 1991 as a…
Q: One theory of a contributor to poverty is that it plays an important role or function in society and…
A: Poverty in the simplest language or sense is known to be as the state where actually one lacks basic…
Q: “According to the World Bank, South Africa remains a dual economy with one of the highest inequality…
A: Gini coefficient: Gini coefficient or Gini index is a statistical tool used to measure the economic…
Q: Identify national strategies to target social exclusion and poverty.
A: The social exclusion refers to the exclusion of a group of people from the prevalent social system.…
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: Currently, in the United States, poverty rates are comparatively low Group of answer choices for the…
A: The above question is based on 2011 data.
Q: Explain why a capitalist economic system tends to bring about a highly unequal distribution of…
A: Economy is a system where people earn their livelihood. And ithere are 3 types economy .
Q: Lorenz Curve would shift closer to the 45-degree reference line. shift closer to Economy B's…
A: The Lorenz curve can be characterized as the graphical portrayal of the conveyance of pay. In this…
Q: Discuss the difference between relative and absolute measuresof poverty.
A: Poverty is the economic situation in which an individual is unable to afford and consume the basic…
Q: Which of the following statements are true about income inequality? Choose all that apply. A. Income…
A: Inequality in terms of income refers to the manner in which a population's income is allocated…
Q: The type of inequality before (pre) taxes and transfers are applied is called NET income inequality,…
A: Correct Answer: FALSE Reason: The type of inequality before (pre) taxes and transfers are applied…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Suppose that the Gini coefficient for Niger is 0.23 and the Gini coefficient for Canada is 0.34. From this, it is possible to conclude that these countries have…[Select one] different levels of absolute poverty. different Pigou-Dalton transfers. different levels of severe poverty. different Lorenz curves.Suppose Inequality decreases without growth of mean incomes. What may likely happen to poverty? Suppose growth of mean income occurs without a change in inequality. What may likely happen to poverty? Explain Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.. Consider two communities. In one community,ten families have incomes of $100,000 each and tenfamilies have incomes of $20,000 each. In the othercommunity, ten families have incomes of $250,000each and ten families have incomes of $25,000 each.a. In which community is the distribution of incomemore unequal? In which community is theproblem of poverty likely to be worse?b. Which distribution of income would Rawls prefer?Explain.c. Which distribution of income do you prefer?Explain.d. Why might someone have the oppositepreference?
- No written by hand solution Consider a 100-person economy, where half of the population receives 20% of the total income and the other half the remaining 80%. Using the Lorenz-curve approximation, what is the Gini coefficient in this economy (please use the comma to seprare decimals, such as: x,y)?As the coronavirus spreads across the globe, it appears to be setting off a devastating feedback loop with another of the gravest forces of our time: economic inequality. In societies where the virus hits, it is deepening the consequences of inequality, pushing many of the burdens onto the losers of today’s polarized economies and labor markets. Research suggests that those in lower economic strata are likelier to catch the disease. They are also likelier to die from it. And, even for those who remain healthy, they are likelier to suffer loss of income or health care as a result of quarantines and other measures, potentially on a sweeping scale. At the same time, inequality itself may be acting as a multiplier on the coronavirus’s spread and deadliness. Research on influenza has found that in an epidemic, poverty and inequality can exacerbate rates of transmission and mortality for everyone. This mutually reinforcing cycle, experts warn, may be raising the toll of the virus as it is…The Lorenz curve is used to show which of the following? a. The total income generated from all activities b. The degree of inequality in the distribution of income within a country c. The progressivity of the income-tax structure within a country d. The extent of wage differences among workers in similar occupations e. The change in the poverty rate within a country over time
- Are poverty rates rising or decreasing in the US? How has the gap between the rich and poor increased? references?World Bank data show that in 1995, the poorest 20% of households accounted for 7.5% of household income in Niger, the next 20% of households accounted for 11.8% of income, the middle 20% accounted for 15.5% of income, the second richest 20% accounted for 21.1% of income, and the top 20% accounted for 44.1% of income. What was the cumulative income share of the bottom 60% of households in Niger? 2. Draw a Lorenz curve and calculate the Gini coefficient for Niger.Suppose a Lorenz curve for a particular country is f(x)=x^2for 0≤x≤1. What is the Gini index of income concentration for this country? Give your answer to the nearest integer
- Questions Explain three methods of measuring the income inequality of a nation? 1.kuznet ratio 2. Lorenz curve 3. Gini coefficient As in the case of income distribution, calculation of wealth distribution is done by different entities using different measurements, resulting in a disparity in outcomes. In fact, commonly, wealthis narrowly defined as financial wealth—namely, cash on handand the money value of tangible and nonliquid assets. Even justthe market valuation of financial portfolios is commonly used todefine financial wealth. However, some may extend the definitionto include the value of income streams and insurance rights that,for the most part, cannot be transacted or encumbered. Theseinclude Medicare, Medicaid, and Social Security. When suchtransfers and public assistance are included, the poor and manyelderly could benefit, reducing the wealth disparity (Galbraith2016). To obtain net wealth, the value of the debts are subtractedsubtracted from the value of the assets.…What are the advantages and disadvantages of special interest groups within the democratic system of government? Should governments allow professional lobbyists to influence government legislation? Why or why not? In your explanation, provide and example of an actual special interest group impacting a government policy.Which statements are TRUE? A. Modern sector enlargement assures a better Lorenz Curve for a nation. B. The average poverty gap measures the sum of the differences the income of each person from the absolute poverty line. C. The multidimensional poverty index gives equal weight to all eight indicators. D. The normalized income shortfall is a measure of income inequality.