If the poverty line is $16,000 for a family of four and the U.S. has 100 million such families, with 25 million of these families having incomes of $12,000 and 75 million having incomes of $20,000. This means the poverty gap would be
A) zero, because the income numbers average out at $16,000.
B) negative, because there are more above the poverty line than below it.
C) $100 billion, because there are 25 million families $4000 below the poverty line.
D) $400 billion, because there are 100 million families and many are $4000 below the poverty line.
Correct Answer:
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Q5: The percentage of people in households with
Q6: The level of income sufficient to provide
Q7: Which of the following is true about
Q8: Which of the following is true about
Q9: Which of the following racial/ethnic populations make
Q11: Which of the following is true about
Q12: The poverty rate has hovered between _
Q13: The poverty gap is
A)that level of income
Q14: The poverty rate is
A)that level of income
Q15: If the poverty line for a family
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