Use the following to answer question(s): Income Distribution in the United States

-The percentage of the population living in households whose income falls below the poverty line is the:
A) income distribution.
B) poverty rate.
C) wealth effect.
D) subsidy ratio.

Question

Use the following to answer question(s): Income Distribution in the United States
 
-The percentage of the population living in households whose income falls below the poverty line is the:
A) income distribution. 
B) poverty rate. 
C) wealth effect. 
D) subsidy ratio.

Quizplus · Accepted Answer

The poverty rate is the percentage of the population living in households whose income falls below the poverty line. Income distribution refers to how income is spread out among a population, while the wealth effect relates to changes in consumer spending based on changes in wealth. The subsidy ratio refers to the amount of government subsidies received compared to the value of the goods or services produced.

Use the Following to Answer Question(s): Income Distribution in the United