In 2017 inflation adjusted U.S.poverty threshold was
A)The cost of food and shelter but not other necessities for an individual.
B)The dollar measure of output produced by an individual.
C)An annual income of less than $10,000 for a family of two.
D)An annual income of less than $25,000 for a family of four.

Question

Quizplus · Accepted Answer

The poverty threshold is the annual income below which a family is considered to be living in poverty. In 2017, the poverty threshold for a family of four was an annual income of less than $25,000, adjusted for inflation. Choice A is incorrect as the poverty threshold takes into account the cost of other necessities such as clothing and transportation, in addition to food and shelter. Choice B is incorrect as it refers to individual output and not poverty threshold. Choice C is incorrect as it is the poverty threshold for a family of two and not four.

In 2017 Inflation Adjusted U.S.poverty Threshold Was