The total amount of money that would have to be transferred to households in poverty to raise them out of poverty is the
A. poverty rate.
B. poverty gap.
C. poverty state.
D. poverty line.
Answer: B
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Entry by competitive firms decreases the market price, while exit by competitive firms increases the market price. Explain why firms enter or exit an industry and why these price changes occur
What will be an ideal response?
Which of the following policies followed by the Clinton administration were not Keynesian policies?
a. Reducing the budget deficit during a strong expansion. b. Concentrating tax increases on upper income households. c. Attempting to increase government spending in 1992 when the U.S. economy was below its natural rate of output. d. Adjusting capital gains taxes for inflation in order to encourage savings.
What are some criticisms of the CPI as a measure of inflation?
Which of the following is an example of expansionary monetary policy?
A) Open market purchases of bonds B) A decrease in government spending C) A decrease in taxes D) An increase in interest rates