🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
1
answer
0
watching
188
views
1 Nov 2020

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. 

Booster class
Microeconomics
Skill
Understanding Poverty
Watch
1
answer
0
watching
188
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Raushan Raj
Raushan RajLv8
1 Nov 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Listed below are several summary statements from the 2010 Census report:

The official poverty rate in 2010 was 15.1 per cent up from 14.3 per cent in 2009. This was the third consecutive annual increase in the poverty rate. Since 2007, the poverty rate has increased by 2.6 percentage points, from 12.5 per cent to 15.1 per cent.

In 2010, 46.2 million people were in poverty, up from 43.6 million in 2009 the fourth consecutive annual increase in the number of people.

Between 2009 and 2010, the poverty rate increased for non-Hispanic Whites (from 9.4 per cent to 9.9 per cent), for Blacks (from 25.8 per cent to 27.4 per cent), and Hispanics (from 25.3 per cent to 26.6 per cent). For Asians, the 2010 poverty rate (12.1 per cent) was not statistically different from the 2009 poverty rate.1

The poverty rate in 2010 (15.1 per cent) was the highest poverty rate since 1993 but was 7.3 percentage points lower than the poverty rate in 1959, the first year for which poverty estimates are available.

The number of people in poverty in 2010 (46.2 million) is the largest in the 52 years for which poverty estimates have been published.

Between 2009 and 2010, the poverty rate increased for children under age 18 (from 20.7 per cent to 22.0 per cent) and people aged 18 to 64 (from 12.9 per cent to 13.7 per cent) but was not statistically different for people aged 65 and older (9.0 per cent).2

Source: http://www.census.gov/hhes/www/poverty/data/incpovhlth/2010/highlights.html

Tasks:

Select any four of the six summary statements and explain in detail the significance and possible causes of each item.

Be sure to use the economic concepts and policies discussed in your textbook where applicable.

Identify possible economic policies that may explain these items and/or those which could be used to deal with the problems or situations described.

1. Countries tend to be classified as more or less developed based on

a. the literacy rate.

b. the poverty rate.

c. the level of income per capita.

d. the types of goods they produce.

2. A subsistence economy is

a. a very low income economy.

b. an economy in which people make what they consume.

c. an economy in which people receive food for pay.

d. all of the above.

3. Development economics is the study of the

a. alleviation of absolute poverty.

b. transformation of institutions.

c. allocation of resources in developing countries.

d. all of the above.

4. Which of the following is not an important objective of development?

a. increases in per capita income

b. the expansion of available choices

c. increases in individual and national self-esteem

d. all of the above are important objectives of development

5. The core values of development include

a. increasing income per person.

b. reducing the inequality of income.

c. the ability to meet basic needs.

d. all of the above.

6. An example of an upper-middle income country is

a. India.

b. Brazil.

c. Indonesia.

d. Nigeria.

7. A newly industrialized country is

a. the same as a high-income country.

b. any country that has experienced sustained growth in industry.

c. a special classification given to some upper-middle income countries that have
achieved relatively advanced manufacturing sectors.

d. any country that has moved out of lower income status.

8. Which of the following is not an upper-middle income country?

a. Brazil

b. South Africa

c. Pakistan

d. Argentina

9. One of the components of the human development index is

a. the percentage of the population who are high school graduates.

b. the average daily intake of protein.

c. life expectancy at birth.

d. the number of doctors per hundred people in the population.

10. The number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the U.S. is given by

a. GNI price deflator.

b. Human Development Index ranking.

c. purchasing power parity.

d. the exchange rate.

Part B: Quantitative Analysis (Show all your work with graphical analysis).

Problem # 1:

18. [Related to the Making Connection] The Making the Connection explains that there are both positive and normative elements to the debate over whether medical schools should charge tuition and whether hospitals should continue to pay residents who pursue primart care but not residents who specialize

Which of the following economic statistsics would be the most useful in evaluating the positive elements in this debate?

A. Poverty rates by geographic region.

B. Medical school tuition rates, applications, and enrollments.

C. Age distribution characterists of the population by geographic region

D. Physician incomes by specialty and geographic region.

E. All of the Above

Assuming that these statistics are available or could be gathered, are they likely to resolve the normative issues in this debate?

A. Yes, the quantative analysis of hard economic data leaves no unsettled questions. Subjective considerations cannot override objective analysis.

B. No, because normative issues involve value judgements that incorporate an individuals full range of experiences, beliefs, and emotions.

22. The economy of East Paragon has been experiencing deflation for the last few months, with prices of goods and services declining. Because firms are charging lower prices, they expected higher sales. However, consumption spending did not increase much, resulting in substantial losses for these firms.

Which of the following, if true, explains why consumers did not increase consumption in spite of falling prices?

A. Most people were expecting prices to decline further.

B. The rate of unemployment in thise country is lower that most other developing countries.

C. The interest rate offered on bank deposits is low.

D. The government lowered taxes on corporate profits earlier this year.

E. The government recently accounced plans to withdraw subsidies on petroleum products.

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in