Most social scientists define the poor as being the lowest _____ percent of our income recipients. a) 10 b) 20 c) 3 d) 40 e) 50

Short Answer

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b) 20%

Step by step solution

01

Understand the Options

We have 5 options to choose from: a) 10% b) 20% c) 3% d) 40% e) 50% Now we'll look at each answer choice and analyze if it's a reasonable option for defining the poverty rate.
02

Option A: 10%

This option suggests that the poor are the lowest 10% of income recipients. While this is a sizeable minority, it might be too small of a percentage to accurately represent the group of people considered poor.
03

Option B: 20%

In this option, the lowest 20% of income recipients are considered poor. This percentage is more inclusive than the 10% mark, making it a more likely candidate.
04

Option C: 3%

The 3% option would define the poor as the absolute lowest income earners, which is a very narrow criteria. With such a small percentage, many people who are actually struggling may be left out of this category, making this option less plausible.
05

Option D: 40%

By defining the poor as the lowest 40% of income recipients, this option would include a larger proportion of the population. It might be argued that this is too broad of a definition and doesn't allow for a focused approach to poverty reduction programs.
06

Option E: 50%

The 50% option would essentially split the population into two halves: the first half having a higher income than the second. This option takes an even broader approach to defining poverty, which might not be efficient in tackling the issue at its root.
07

Selecting the Best Option

Among all the options, "Option B: 20%" seems the most reasonable choice, as it includes a significant portion of the population without being too broad. Thus, the answer should be: b) 20%

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Income Distribution
Income distribution refers to the way in which total income is shared among the members of a society. Understanding income distribution is crucial as it affects economic policies and social equality. An equal distribution means that a nation’s total income is evenly divided among its population, whereas an unequal distribution indicates that income is split disproportionately, often leading to issues such as poverty and social strife. Economists and policymakers analyze income distribution to evaluate and improve the economic health of a society.

When analyzing the options given in the exercise (10%, 20%, 3%, 40%, 50%), we see that income distribution parameters help determine where to draw the line for poverty thresholds.
Poverty Threshold
The poverty threshold, or poverty line, is the minimum level of income deemed necessary to achieve an adequate standard of living in a given country. Essentially, it is a monetary amount set by the government or other entities that separates the poor from the non-poor. This concept is not uniform across different countries, as it must account for varying costs of living and societal expectations.

In our exercise, the question revolves around identifying the proper percentage of income recipients that could be reasonably categorized as 'poor.' This highlights the importance of setting a realistic poverty threshold, which can significantly impact social welfare policies and the allocation of resources.
Social Sciences
The field of social sciences plays a pivotal role in analyzing societal issues like poverty and income distribution. It encompasses disciplines like economics, sociology, and political science, which collectively help us understand human behavior and social systems. Social scientists study the distribution of wealth, the impacts of economic inequality, and methods for measuring and addressing poverty.

In the context of the exercise, social scientists would advocate for using empirical data and societal norms to define what percentage of income recipients are considered poor, suggesting 20% as a threshold that balances inclusivity with manageability for targeted poverty alleviation efforts.
Economic Inequality
Economic inequality refers to the unequal distribution of assets, wealth, and income among individuals or groups within a society. It can lead to social division and unrest when a significant gap exists between the richest and the poorest. The study of economic inequality often involves examining the factors that contribute to the disparity and the effectiveness of policy interventions in reducing the gap.

In the exercise, the concept of economic inequality is implicit in the choice of poverty rate definition, as it will directly influence which segment of the population will be considered in the lowest economic bracket. The 20% option suggests an acknowledgment of economic inequality without overextending the definition to cover too large a portion of the population.

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Most popular questions from this chapter

Real median family income in the U.S. has _____. a) grown each year since 2000 b) declined each year since 2000 c) risen by about 20 percent since the late \(1960 \mathrm{~s}\) d) become lower today than it was in 1975

Which one of the following statements is true? (LO6, 7) a) The poor pay higher prices to buy groceries, furniture, and appliances. b) Low-income families can pay over \(\$ 500\) more for the same car bought by a higher-income household. c) The poor pay higher interest rates than people with higher incomes. d) Very few poor people can claim the earned income tax credit.

Which statement is true? (LO6, 10) a) Most of the nation's poor receive welfare benefits. b) Since the Welfare Reform Act of 1996 , no new welfare cases have been accepted. c) More people than ever are receiving welfare benefits. d) Most single mothers who have recently left the welfare rolls remain poor.

Which is the most accurate statement? (LO6) a) Because of the efforts of the Veterans Administration, only a handful of veterans are homeless. b) Most military families have to get by on food stamps and help from food pantries and soup kitchens. c) Military pay is high enough to keep virtually all military families well above the official poverty line. d) Although nearly all of our leading politicians wear American flag lapel pins, they do not provide enough economic support to our troops, so many military families are in severe financial difficulty.

Which one of the following statements is the most accurate? (LO9) a) Our nation provides cradle-to-grave security for our military personnel and their families. b) Because of the relative high pay and benefits provided by the military, very few military families run into financial problems. c) No military family lives below the poverty line. d) Some military families depend on food pantries.

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