The low-income cutoff level is
A) a level of housing and food provided by the government.
B) a fixed real income used to determine whether or not a household may qualify for welfare.
C) the income level below which a family normally spends 73.6 percent or more of its income on food,shelter,and clothing.
D) the income level below which a family normally spends 63.6 percent or more of its income on food,shelter,and clothing.
E) a level of income below which starvation occurs.
Correct Answer:
Verified
Q18: Use the figure below to answer the
Q19: An income Lorenz curve
A)graphs the cumulative percentage
Q20: If each household made the same amount
Q21: The closer the income Lorenz curve is
Q22: Which diagram is used by economists to
Q24: The Gini ratio for a perfectly equal
Q25: Use the figure below to answer the
Q26: Use the figure below to answer the
Q27: Wealth differs from income because
A)income is a
Q28: Poverty is
A)an income below the national average
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