_____ programs are designed to provide benefits to people whose income falls below some minimum.

Question

Quizplus · Accepted Answer

Means-tested programs are designed to provide benefits to people whose income falls below some minimum. This means that eligibility for the benefits is determined by the person's income and other financial resources. In contrast, relative income programs are designed to provide benefits to people who have lower incomes relative to others in their society, while absolute income programs provide benefits to all people who fall below a certain income threshold, regardless of their specific financial circumstances. Nominal income refers to the actual dollar amount of income, without adjusting for inflation.

_____ Programs Are Designed to Provide Benefits to People Whose