Chapter 15: Problem 33
Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap.
Chapter 15: Problem 33
Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap.
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Get started for freeExplain what the long- and short-term consequences are of not promoting equality or working to reduce poverty.
A group of 10 people have the following annual incomes: \(\$ 55,000, \$ 30,000, \$ 15,000, \$ 20,000, \$ 35,000\) \(\$ 80,000, \$ 40,000, \$ 45,000, \$ 30,000, \$ 50,000 .\) Calculate the share of total income each quintile of this income distribution received. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution for \(2005 ?\)
Identify some public policies that can reduce the level of economic inequality.
What is the poverty line?
Many critics of government programs to help low income individuals argue that these programs create a poverty trap. Explain how programs such as TANF, EITC, SNAP, and Medicaid will affect low-income individuals and whether or not you think these programs will benefit families and children.
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