Many economists feel that the official measure of poverty overstates the number of poor because it does not include relevant and important sources of income.

Question

Quizplus · Accepted Answer

Many economists argue that the official measure of poverty, which is based solely on income, does not take into account other sources of support like government subsidies, tax credits, and non-cash benefits like food stamps or housing vouchers. Therefore, they believe the official measure overstates the number of poor.

Many Economists Feel That the Official Measure of Poverty Overstates