1. Poverty is measured by the number of people who fall below a certain level of income—called

a. the poverty line

b. the poverty segment

c. the poverty bar

d. the poverty net

Booster class

Microeconomics

Skill

Understanding Poverty

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Raushan RajLv8

1 Nov 2020

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Related questions

3. In the U.S., with respect to the poverty rate over time; that is, the percentage of the population below the poverty line in any given year, which of the following statements are true?

a. The poverty rate declined through the 1960s,

b. The poverty rate rose in the early 1980s and early 1990s,

c. The poverty rate seems to have been slightly lower since the mid-1990s.

d. All of these are true.

According to the World Bank the absolute poverty threshold in 1985 PPP$1 per day. One measure of poverty is called "poverty head count": number of people whose income is below the poverty threshold. Suppose that in certain countries a survey encounters a family of 4 members with an annual income of 1985 PPP$1600. In civil servent in charge usually assumes that income is distributed equally. According to this civil servant,

a) What is the income of each person in this family?

b) What is the "poverty head count" for this family?

In reality, in this country the man of the house usually have access to half of the resources while the wife and children share the other half, and this is the case for this particular family. Thus, in reality,

a) What is the income of each person in this family?

b) What is the "poverty head count" for this family?

a) How does the poverty trap discourage people from working?

b) What is the difference between poverty and income inequality?

c) How can the effect of the poverty trap be reduced?

d) How does the presence of a labor union change negotiations between employers and workers?