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Author Question: What is the United States government's formal definition of the poverty line? A) It is a level of ... (Read 44 times)

cherise1989

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What is the United States government's formal definition of the poverty line?
 
  A) It is a level of annual income equal to total income in society divided by the population, adjusted for a family of four.
  B) It is the annual income level below which a household is exempt from taxes.
  C) It is a level of annual income equal to the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition.
  D) It is a level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition.

Question 2

If national income increases by 75 million and consumption increases by 15 million, the marginal propensity to consume is
 
  A) 5. B) 0.75. C) 0.20. D) 0.15.


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bigcheese9

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