A poverty threshold represents the minimum annual household income for a family not to be considered poor. In 1995, the poverty threshold for a family of four with two children under the age of 18 years was $15,828.In 2005, the poverty threshold for a family of four with two children under the age of 18 years was $19,739. Assuming poverty thresholds increase in a straight-line fashion, use the midpoint formula to estimate the poverty threshold of a family of four with two children under the age of 18 in 2000. The poverty threshold of a family of four with two children under the age of 18 in 2000 is $

A poverty threshold represents the minimum annual household income for a family not to be considered poor. In 1995, the poverty threshold for a family of four with two children under the age of 18 years was $15,828.In 2005, the poverty threshold for a family of four with two children under the age of 18 years was $19,739. Assuming poverty thresholds increase in a straight-line fashion, use the midpoint formula to estimate the poverty threshold of a family of four with two children under the age of 18 in 2000. The poverty threshold of a family of four with two children under the age of 18 in 2000 is $

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter15: The Distribution Of Income And Poverty

Section: Chapter Questions

Problem 2QP

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