If official U.S.poverty statistics included in-kind transfer payments,
A)the poverty rate would be close to zero
B)the poverty rate would be lower
C)the government deficit would be lower
D)the inflation rate would be higher
E)the top 10 percent of those in the income distribution would be wealthier

Question

Quizplus · Accepted Answer

Including in-kind transfer payments (such as food stamps, housing assistance, and Medicaid) in poverty statistics would lower the poverty rate because these programs provide assistance to low-income individuals and families. However, it would not make the poverty rate close to zero. The government deficit and inflation rate would not be directly affected by this change. The wealth of the top 10 percent in the income distribution is also not directly related.

If Official U.S.poverty Statistics Included In-Kind Transfer Payments