The federal government defines poverty as which of the following?

Question

Quizplus · Accepted Answer

The federal government defines poverty as the lack of goods and services most people take for granted, such as adequate food, housing, and healthcare. This definition is based on a measure of poverty known as the poverty line, which is adjusted annually to account for changes in the cost of living. Entitlement programs, goods and services provided by the government, and the process of adjusting social benefits are all related to poverty but do not define poverty itself. "Moral hazard" refers to the idea that providing assistance to those in need may create a disincentive for them to strive for self-sufficiency.

The Federal Government Defines Poverty as Which of the Following