If in-kind transfers were included in income at their market value, what would happen to the number of families below the poverty line?
It would decrease by about 10%.
You might also like to view...
In Figure 6-3(b), as price falls from $15 to $6, total expenditure
A. falls. B. increases. C. remains constant. D. first falls and then increases.
A monopolistically competitive firm that is earning profits will, in the long run, experience all of the following except
A) demand for the firm's product becomes more elastic. B) a decrease in demand for its product. C) new rivals entering the market. D) a decrease in the number of rival products.
Six possibilities are equally likely and have payoffs of $2, $4, $6, $8, $10, and $12 . The expected value is:
a. $4 b. $5 c. $6 d. $7
In the national income accounts, new investment goods are considered
a. intermediate goods, and therefore, not counted. b. final goods. c. subtractions from final output. d. depreciated goods