The poverty income threshold in the United States was originally calculated by

A) multiplying a nutritionally adequate food plan for emergency use by 4.
B) multiplying a nutritionally adequate food plan for emergency use by 2.
C) multiplying a nutritionally adequate food plan for emergency use by 3.
D) multiplying a nutritionally adequate food plan for emergency use by 5.


Answer: C

Economics

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Gross private domestic investment

a. excludes all investment in the United States by foreign firms b. includes all capital in the United States c. includes net additions to the capital stock plus all new corporate stocks and bonds d. includes expenditures on new factories, tools, and machinery e. excludes the expenditures on residential structures and the cost of changes in inventories

Economics

Which statement best describes the government’s response to bank failures in the early 1930s?

a. The government responded swiftly and quickly boosted the economy. b. The government largely ignored failures and let banks fix their own problems. c. The government responded with aid efforts, but only after the decline was well underway. d. The government’s deposit insurance program quickly eased depositors’ fears.

Economics

If federal, state, and local governments were unable to raise any revenue, then government's role as:

A. only a referee would be unaffected. B. both an actor and a referee would be unaffected. C. only an actor would be unaffected. D. both an actor and a referee would be eliminated.

Economics

At the Larson Bakery the marginal products of the first, second, and third sales clerks are 30, 27, and 21 customers served, respectively. The total product (number of customers served) of the first two sales clerks is

A. 6. B. 17. C. 57. D. 78.

Economics