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Exam 20: Income Inequality and Poverty

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Question 151

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Table 20-13 The following table shows the distribution of income in Widgetapolis. ​ -Refer to Table 20-13. If the poverty line were $19,915, what would be the poverty rate?

A) less than 20%
B) between 20% and 40%
C) between 40% and 60%
D) between 60% and 80%

E) B) and C)
F) A) and D)

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Question 152

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Economic mobility in the United States is

A) great, so many of those below the poverty line are there only temporarily.
B) rare, so most of those below the poverty line are there for decades.
C) rare, yet many of those below the poverty line are there only temporarily.
D) unrelated to poverty.

E) None of the above
F) A) and B)

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Question 153

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The rule for redistribution proposed by John Rawls in his book A Theory of Justice is called the

The percentage of families with incomes below the poverty line

Table 20-14 Income Inequality in the United States The values in the table reflect the percentages of pre-tax-and transfer income. Source: US Census Bureau -Refer to Table 20-14. In 2010, how many more percentage points of total income did the top fifth of the population earn compared to if the income distribution were completely equal?

Which political philosophy argues that the government should choose policies to maximize the total utility of everyone in society?

Given the table shown, which country has a more equal income distribution? Explain your answer.

Table 20-11 Poverty Thresholds in 2011, by Size of Family and Number of Related Children Under 18 Years [Dollars] Source: U. S. Bureau of the Census, Current Population Survey. -Refer to Table 20-11. What is the poverty line for a 75-year-old individual?

Table 20-3 The Distribution of Income in Edgerton -Refer to Table 20-3. According to the table, what percent of families in Edgerton have income levels at or above $76,000?

Utilitarians believe that the proper goal of the government is to maximize the sum of the utilities of everyone in society.

Since 1970, has the distribution of income in the US become more equal, less equal, or remained unchanged?

When incentives to earn income are distorted by income redistribution programs,

Economists who study economic mobility have found that the income of a grandfather and his grandson's income are

Suppose the government used the following formula to compute a family's tax liability: Taxes owed = 28% of income - $8,000. How much would a family have to earn to owe $0 in taxes?

Figure 20-3 -Refer to Figure 20-3. In 2011, the percent of children under age 18 in poverty is

Scenario 20-4 Suppose the government implemented a negative income tax and used the following formula to compute a family's tax liability: Taxes owed = (1/5 of income) - $15,000 -Refer to Scenario 20-4. A family earning $100,000 before taxes would have how much after-tax income?

Table 20-11 Poverty Thresholds in 2011, by Size of Family and Number of Related Children Under 18 Years [Dollars] Source: U. S. Bureau of the Census, Current Population Survey. -Refer to Table 20-11. What is the poverty line for a family with one 68-year-old adult and one child?

The 2011 U.S. distribution of income shows that the top 20 percent of all families have

Table 20-13 The following table shows the distribution of income in Widgetapolis. ​ -Refer to Table 20-13. Sixty percent of all families have incomes below what level?

A utilitarian government will pursue policies that redistribute income from the rich to the poor. One problem with these policies is that