Exhibit 12-8 Negative income tax for a family
-Starting in 1964, the U.S. government has defined the poverty line as income at or below ________ the amount of money needed to buy a minimum diet for all family members.

Question

Exhibit 12-8 Negative income tax for a family 
-Starting in 1964, the U.S. government has defined the poverty line as income at or below ________ the amount of money needed to buy a minimum diet for all family members.

Quizplus · Accepted Answer

According to the statement, the poverty line is defined as income at or below three times the amount of money needed to buy a minimum diet for all family members.

Exhibit 12-8 Negative Income Tax for a Family