What 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?

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 much age affects inequality? Is there something the government can do about younger and older…

A: People around the world of all ages are affected by inequality; nevertheless, there are certain…

Q: what knowledge about poverty severity we gain from looking at the poverty gap index and poverty head…

A: Poverty is when the household or individual lacks the basic resources and income, and thus basic…

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

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

Q: Differentiate Income Distribution and Wealth Distribution as well as discuss the different causes of…

A: Income distribution refers to equality with which income is divided among different sections of the…

Q: Is it possible for everyone's real income to rise even though the income distribution in a society…

A: Real income is the actual income of a person from which he is able to buy goods and services even…

Q: Give a numerical example of how the headcount index doesn’t account for changes in the distribution…

A: The head count ratio (HCR) is the percentage of the population that falls below the poverty line. It…

Q: Which one of the following is the most likely to be associated with an increase in the incidence of…

A:

Q: What are some reasons why a certain degree of inequality of income would be expected in a market…

A: Income inequality describes that how unevenly the income is distributed in the economy. Uneven…

Q: As income transfer programs accompanying the War on Poverty increased beginning in the latter half…

A: Income move programs point towards reallocation and moving of abundance and income through the…

Q: As the Lorenz Curve gets closer to the line of absolute equality, the ________. a. the higher is the…

A: "Lorenz curve represents the graphical measurement of income or wealth inequality within a…

Q: Number 6

A: Solution -  Given in the question Jones is a participant in three means - tested welfare programs :…

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: Would this transfer increase, decrease, or have no effect on income inequality in this group?…

A: Income inequality: It refers to a condition where income is divided unequally between 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: Explain how income inequality in the United States is measured and described.

A: Income inequality refer to the gap or difference in the reference of income paid to in individual by…

Q: If the poverty line was adjusted only for inflation, what would it be now? How does that compare…

A: Using the chained CPI to adjust the poverty threshold for inflation will not change our estimate of…

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

A: Income inequality measures the difference in the distribution of income among different types of…

Q: Describe what has happened to the value of the Gini Coefficient since 1980? What is the implication…

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages,…

Q: Which of the following factors does NOT contribute to income inequality?   A. THE RISE OF…

A: Income inequality is the wide gap between the money earned by the richest people in an economy when…

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: 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: Which statements are TRUE?    Perfect inequality in distribution of income can be exhibited in…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

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: What are the causes and symptoms of widening income inequality globally and within countries, and…

A: The degree to that financial gain is distributed unevenly throughout a population is said as…

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: Some people feel that income distribution (equality) should be achieved. Do you agree or disagree…

A: The inequality in the distribution of income over the population is referred as income inequality.…

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: Perfect inequality in the distribution of income can be exhibited in reality.  52. Holding all other…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

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: what are some of the dimensions of economic inequality and what is considered income?

A: Income inequality can be defined as the stretch at which the income scenario was spread in an uneven…

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: Briefly describe the Leydon Poverty Line and how it differs from objective measures of poverty.…

A: The Leyden poverty line (LPL) is based on an individual’s welfare function of income (WFI).

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: Discuss the concept of the “optimal amount of inequality.” What are some of the practical problems…

A: Optimal amount of inequality is alluded to the level endurable degree of inequality in the country.…

Q: Discuss the reasons behind economic inequality.

A: Inequality refers to a situation where there is unequal or different distribution of resources or…

Q: Does the current Social Security system promote income equality? Why or why not

A: An individual is benefitted of social security from a payroll tax paid from their individual…

Q: 4. Currently, the poverty threshold for a family of four is just over $25,000 a year. Among the…

A: The poverty threshold refers to the minimum level of income an individual or a family needs to…

Q: Which of the below statements is INCORRECT with regard to poverty in the U.S.?   The poverty…

A: Poverty line is the border level of personal or family income below which one is classified as poor…