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Chapter 30: Q.30.3 - Learning Objectives (page 668)

Distinguish among alternative approaches to measuring and addressing poverty.

Short Answer

Expert verified

Some approaches to measuring and addressing poverty are Total poverty gap, headcount index, the average poverty gap, average income shortfall

Step by step solution

01

Given Information

Poverty can be characterized as a condition in which an individual can't satisfy his essential least requirements or it is the condition of being very poor.

02

Explanation

Total Poverty Gap- It alludes to the amount of the contrast between the destitution line and real pay surprisingly living underneath the neediness line.

HeadCount Index- The extent of a nation's population living below the poverty line

Represented byHN where H is the population living below poverty and N is the total population

Average Poverty Gap (APG)- It can be acquired by isolating TPG (Total Poverty Gap) by the complete populace.

Average Income Shortfall (AIS)- It shows us the typical sum by which the payment of a needy individual falls below the poverty line.

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Most popular questions from this chapter

A government agency determines that the entire community discussed in Problem 30-10 qualifies for a special program in which the government will pay for a number of health care services that most residents previously had not consumed. Many residents immediately make appointments with the community physicians' group. Given the information in Problem 30-10, what is the likely effect on the profit-maximizing price and the equilibrium quantity of health care services provided by the physicians' group in this community?

Why do you suppose that observers have proposed redesigning income maintenance programs to provide a "marriage premium" via extra benefits if adults with children marry?

Who do you think provides funds to cover emergency room expenses for an uninsured patient who pays an annual $250 health-law penalty but fails to pay the emergency room charges?

Consider the graph nearby, which depicts Lorenz curves for countries X, Y, and Z.

a. Which country has the least income inequality?

b. Which country has the most income inequality?

c. Countries Y and Z are identical in all but one respect: population distribution. The share of the population made up of children below working age is much higher in country Z. Recently, however, birthrates have declined in country Z and risen in country Y. Assuming that the countries remain identical in all other respects, would you expect that in 20 years the Lorenz curves for the two countries will be closer together or farther apart? (Hint: According to the age-earnings cycle, what typically happens to income as an individual begins working and ages?)

Why do you suppose that choosing other increments besides \(15,000 or \)30,000 can yield even more distributional variations of households within these seven income groupings?

(Hint: what do you think could happen if one were to broaden the income increments to \(100,000 or narrow them to \)5,000 while holding the number of income groups equal to seven?)
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