1. In country A, the population is 330 million and 100 million people are living below the poverty line. What is the poverty rate?

2. In country B, the population is 127 million and 19 million people are living below the poverty line. What is the poverty rate?

3. Imagine federal legislation is passed granting every U.S. resident a $20,000 per year universal basic income. No matter the income an individual earns from working, this $20,000 per year level of government support will never reduce. Now suppose Rodrigo is considering his work and leisure choices for the year. Rodrigo earns $15 per hour working and can work up to 2,000 hours during the year. With the information provided, fill in the table below (for a related example, see table 15.4 in our textbook).

Amount worked (hours)	Total earnings from work	Government support	Total income
0	0	$20,000	$20,000
500		$20,000
1,000		$20,000
1,500		$20,000
2,000		$20,000

Expert Solution

Rahul Sunny answered 1 year ago

What is the percentage of people living with an income below the federal poverty level? What...

What is the percentage of people living with an income below the federal poverty level? What is the number of cases of Emergency Department visits for Asthma in the 5-17 year? Select one neighborhood from each of the other 4 Boroughs and compare with your neighborhood (create a table )

For the year 2009, the table below gives the percent of people living below the poverty...

For the year 2009, the table below gives the percent of people living below the poverty line in the 26 states east of the Mississippi River. Answer the following questions based on this data. State Percent Alabama 7.5 Connecticut 7.9 Delaware 14.9 Florida 13.2 Georgia 12.1 Illinois 10.0 Indiana 9.9 Kentucky 11.9 Maine 13.3 Maryland 10.9 Massachusetts 7.9 Michigan 15.8 Mississippi 9.1 State Percent New Hampshire 14.6 New Jersey 8.3 New York 9.1 North Carolina 12.1 Ohio 13.6 Pennsylvania 10.5...

For the year 2009, the table below gives the percent of people living below the poverty...

For the year 2009, the table below gives the percent of people living below the poverty line in the 26 states east of the Mississippi River. Answer the following questions based on this data. State Percent Alabama 7.5 Connecticut 7.9 Delaware 14.9 Florida 13.2 Georgia 12.1 Illinois 10.0 Indiana 9.9 Kentucky 11.9 Maine 13.3 Maryland 10.9 Massachusetts 7.9 Michigan 15.8 Mississippi 9.1 State Percent New Hampshire 14.6 New Jersey 8.3 New York 9.1 North Carolina 12.1 Ohio 13.6 Pennsylvania 10.5...

For the year 2009, the table below gives the percent of people living below the poverty...

For the year 2009, the table below gives the percent of people living below the poverty line in the 26 states east of the Mississippi River. Answer the following questions based on this data. State Percent Alabama 7.5 Connecticut 7.9 Delaware 14.9 Florida 13.2 Georgia 12.1 Illinois 10.0 Indiana 9.9 Kentucky 11.9 Maine 13.3 Maryland 10.9 Massachusetts 7.9 Michigan 15.8 Mississippi 9.1 State Percent New Hampshire 14.6 New Jersey 8.3 New York 9.1 North Carolina 12.1 Ohio 13.6 Pennsylvania 10.5...

What income was considered the poverty line and below the poverty line for each year: 1994,...

What income was considered the poverty line and below the poverty line for each year: 1994, 1995, 1996, 2001, 2002, and 2008?

The population of the earth in the 1500s was estimated to be 100 million people. In...

The population of the earth in the 1500s was estimated to be 100 million people. In 1990 the world population was estimated at 2,600 million. Assuming that the growth rate is proportional to the population at each moment, estimate the year in which the population is 3,000 million.

Explain what information is contained in the poverty rate statistic and what determines the poverty line?...

Explain what information is contained in the poverty rate statistic and what determines the poverty line? Are there problems in using an absolute scale to measure poverty? If so, explain them.

The population of a country was 5.192 million in 1990. The approximate growth rate of the...

The population of a country was 5.192 million in 1990. The approximate growth rate of the country's population is given by f (t) = 0.08083944 e ^ 0.01557t where t = 0 corresponds to 1990. A. Find a function that gives the population of the country (in millions) in year t. B. Estimate the country's population in 2014.

1) Why do southern states have a higher percentage of people living in poverty? 2) No...

1) Why do southern states have a higher percentage of people living in poverty? 2) No matter the age group why are more females living in poverty? 3). Discuss one issue from the video that was new information to you or that had an impact on how you feel about poverty in America Maternal Health and When the Bou

Assume the total population of the US is 330 million, and the civilian labor force is...

Assume the total population of the US is 330 million, and the civilian labor force is 165 million. In the past 6 weeks, new claims for unemployment compensation totalled 30 million. a) If that 30 million comprises all of the unemployed, what is the current unemployment rate? b) If the NRU is 5%, what is the rate of cyclical unemployment? c) According to Okun's Law, what percentage of potential GDP is being foregone? What is the dollar value of foregone...

Question

1. In country A, the population is 330 million and 100 million people are living below the poverty line. What is the poverty rate?

Solutions

Expert Solution

Related Solutions

What is the percentage of people living with an income below the federal poverty level? What...

For the year 2009, the table below gives the percent of people living below the poverty...

For the year 2009, the table below gives the percent of people living below the poverty...

For the year 2009, the table below gives the percent of people living below the poverty...

What income was considered the poverty line and below the poverty line for each year: 1994,...

The population of the earth in the 1500s was estimated to be 100 million people. In...

Explain what information is contained in the poverty rate statistic and what determines the poverty line?...

The population of a country was 5.192 million in 1990. The approximate growth rate of the...

1) Why do southern states have a higher percentage of people living in poverty? 2) No...

Assume the total population of the US is 330 million, and the civilian labor force is...