answered to pass
Poverty Threshold (Line) - correct answer ✔✔-statistical purposes (measure rate of poverty &
measure progress or regress)
-administrative purposes (determine program eligibility)
-issued by U.S. Census Bureau
-original version developed by Mollie Olshansky
Poverty Guideline - correct answer ✔✔-simplified version of poverty line
-used ONLY for administrative purposes
-issued by U.S. Dept. of Health & Human Services
Poverty Threshold Programs - correct answer ✔✔-TANF
-SSI
-EITC
Poverty Guidelines Programs - correct answer ✔✔-Head Start
-SNAP
-National School Lunch Program
-LIHEAP
Why is the Poverty Threshold & Poverty Guideline adjusted for the Consumer Price Index (CPI)?
- correct answer ✔✔to ensure consistent purchasing power and keep up with inflation
, Supplemental Poverty Measure - correct answer ✔✔-proposed by Obama admin. to offset
some flaws of Poverty Threshold
-factors in modern expenses (health care, child care, housing, utilities, etc.), geographic location
& difference in housing costs, and in-kind benefits (SNAP, tax credits, etc.)
-increase # of people considered poor
-would not replace existing poverty measure in determining program eligibility
Poverty Gap Index - correct answer ✔✔-measures depth of poverty
-measures income-to-poverty ratio to poverty threshold
-Poverty Gap Index measures the mean difference the individual, family, group, region, or
country falls below the poverty line
- a HIGHER poverty gap index = poverty is MORE SEVERE
Frictional unemployment (1/8) - correct answer ✔✔A type of unemployment where one moves
from job to job with only a slight interval of time in between jobs.
-Related to business starts and closures
-Considered unavoidable
Seasonal - correct answer ✔✔A type of unemployment where one faces the prospect of
renewed employment as the weather or season changes
Cyclical Unemployment (1/4) - correct answer ✔✔A type of unemployment where there is a
deficient demand for labor in the economy.
-Results from swings in economy
-No certain prospects, must wait for the expansion of demand for labor