(I) In 2009, a family of four making $22,050 would be considered living in poverty. (II) The poverty threshold level of income is adjusted for family size and for inflation (price level changes) through time.

Question

Quizplus · Accepted Answer

Both statements are true. Statement I provides the poverty threshold level of income for a family of four in 2009, and statement II explains the method by which the poverty threshold level is adjusted for family size and inflation over time.

(I) in 2009, a Family of Four Making $22,050 Would