Question

The Lorenz curve typically breaks income distribution into:

Question 1 options:

a)	percentiles.

b)

deciles.

c)	quartiles.

d)	quintiles.

If public policies are effective in reducing the depth of poverty, then the income deficit should be _____ and the ratio of income to poverty should be _____.

Question 4 options:

a)	rising; rising

b)	rising; falling

c)	falling; rising

d)	falling; falling

If the poverty threshold for a family of four is $24,000 and the Shoenfelds earned $21,000, their income deficit is _____ and their ratio of income to poverty is _____.

Question 6 options:

a)	$3,000; 1.14

b)	$45,000; 0.875

c)	$45,000; 1.14

d)	$3,000; 0.875

Alternative measures of income thresholds, as developed by the Census Bureau, show:

Question 7 options:

a)	minority poverty rates are greater than the official estimate.

b)	poverty rates are less than the official estimate.

c)	after-tax income plus noncash benefits are less than the official estimate.

d)	income disparity is greater than the official estimate.

Answer 1

1. The Lorenz curve typically breaks income distribution into: option a) percentiles.

4. If public policies are effective in reducing the depth of poverty, then the income deficit should be _____ and the ratio of income to poverty should be _____. c) falling; rising

6. If the poverty threshold for a family of four is $24,000 and the Shoenfelds earned $21,000, their income deficit is _____ and their ratio of income to poverty is _____. d) $3,000 (21000-24000); 0.875 (21000/24000)

7. Alternative measures of income thresholds, as developed by the Census Bureau, show:

. d) income disparity is greater than the official estimate.