Principles of Microeconomics California Edition 2nd Edition
2nd Edition
ISBN: 9780393622089
Author: Dirk Mateer, Lee Coppock
Publisher: W. W. Norton
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Chapter 15, Problem 10SP
To determine
Explain how difficult to escape from poverty.
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ANSWER IN ESSAY FORM
Briefly discuss what the poverty rate, including what it is, how it is determined, and how this relates to the near poor.
What is your insight about poverty?
Although it is hard to separate the causes of poverty from the effects, there is no doubt that poverty is associated with various economic and social ills. Suppose that you were a policymaker in the government and your goal was to reduce the number of people living in poverty. How would you achieve this goal?
Chapter 15 Solutions
Principles of Microeconomics California Edition 2nd Edition
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- Why do most modern societies try to reduce poverty? What is the most effective way to reduce poverty in your community in the long term?arrow_forwardWhy is there an increase in poverty and inequality?arrow_forwardDescribe the vicious cycle of poverty. What are the consequences of this cycle?arrow_forward
- What are the measures that can be taken to reduce poverty ?arrow_forwardWhat Is Poverty?arrow_forwardUse 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?arrow_forward
- A sobering census report: Americans' meager income gains The Census Bureau reported that median household income rose 0.7 percent in 2006 to $48,210, but it was still about $1,000 less than in 2000, before the start of the last recession. Households living in poverty fell to 12.3 percent from 12.6 percent in 2005. But in 2006, 36.5 million Americans were living in poverty-5 million more than in 2000, when the poverty rate was 11.3 percent. Source: The New York Times, August 29, 2007 How did income inequality change during 2000, 2005, and 2006? *** During 2000, 2005, and 2006, OA. income inequality increased in all quintiles OB. income inequality decreased at the upper end of the income distribution OC. at the lower end of the income distribution, income inequality increased between 2000 and 2005 and then decreased slightly during 2006 OD. income inequality decreased in all quintiles Search Nextarrow_forwardWhat is a poverty trap? How could a household become stuck in a poverty trap? Give one paragraph (short) explanations for each of the above questions.arrow_forwardAre poverty rates rising or decreasing in the US? How has the gap between the rich and poor increased? references?arrow_forward
- Would free health care reduce poverty, as measured by the government? Would free public housing, daycare, and job training for the poor reduce the poverty rate? Explainarrow_forwardQuestion 15 Which of the below statements is INCORRECT with regard to poverty in the U.S.? The poverty threshold was created my Mollie Orshansky of the Social Security Administration, in the 1960s. The "poverty threshold," "poverty guidelines" and "poverty line" are identical numbers and are all used for exactly the same purpose. For the year 2021, a single individual making less than $12,880 in any of the 48 contiguous states, falls below the poverty line. For the year 2021, a four person family making less that $29,200 a year in any of the 48 contiguous states, falls below the poverty line.arrow_forwardUse 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?arrow_forward
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