Which of the following explains why the U.S.poverty threshold increased from $3,000 per year in 1963 to $25,000 per year in 2017?
A) Americans are more spoiled now than they were in 1963.
B) The threshold includes more luxury items now than it did in 1963.
C) Inflation has caused the price for basic necessities to increase since 1963.
D) The government has become more benevolent than it was in 1963.
Correct Answer:
Verified
Q9: Which of the following is not an
Q10: U.S.per capita GDP is roughly how much
Q11: Which of the following statements is true?
A)American
Q12: The poverty rate is
A)The percentage of the
Q13: U.S.poverty is more about _ deprivation than
Q15: In-kind transfers include
A)Transfer payments and food stamps.
B)Public
Q16: The direct transfer of goods and services
Q17: An annual income of less than $24,000
Q18: In 1963 the U.S.poverty standard was equal
Q19: Which of the following is an indicator
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