Chapter 17 Macro

which of the following is the most accurate? A) our poverty rate is somewhat higher today than it was in 1999 B) our poverty rate is over 15% C) if it were not for the recession of 2007 we would have a poverty rate below 10 % D) our poverty rate is at an all time low

C

which statement is true? A) none of the homeless have jobs B) many of the homeless are mentally ill C) homeless are concentrated in a few large cities. D) none of these

Many homeless are mentally ill

social scientists believe _____ the differential between what women earn can be explained by employment discrimination.

about half

Which is most accurate? A) our nation provides cradle to the grave security for our military personnel and their families B) because of relative high pay and benefits for military very few military families run into financial issues C) no military family live below the poverty line D) some military families depend on food pantries

b

compared to their levels in 2003, the poverty line has_____ and the mini hourly wage has______

both have gone up

how much more of their income do poor people spend

double

the largest government program exclusively aimed at aiding the poor is

earned income tax credit

which statement is false. A) three fourths of poor are single mothers B) about half of poor are elderly C) People living in the south are more likely to be poor than those living in the rest of the nation D) none of these statements are false

half the poor are elderly

Between 1968 and 2008 the % share of total income grew for which quintile

highest

Which of these is most accurate about real median family income? A) it has declined stedily over the past 5 years B) it has fallen during nearly every recession since 1960s C) it is about twice as high as it was in 1970 D) it increased steadily since 2000

it increased steadily since 2000

the following are great sources of wealth

real estate, inheritance, start up companies

it would not be reasonable to say poor people are _____ A) grudgingly tolerated by society "productive" members B) largely superfluous to our socioeconomic system C) basically self supporting D) poor for various reasons

self supporting

which of the following statements is most accurate? A) the welfare rolls today are much lower than in 1996 B) about 1 in 8 americans live below the poverty line C) without social security at least 75% of all senior citizens would be poor D) the welfare reform act of 1996 has cut the poverty rate by 60%

the welfare rolls today are much lower than in 1996

Doctors earn more money that in other professions because?

they are in short supply for the demand

to keep a family of 4 at the poverty line a person must work at 40 hr week with the hourly wage of

11$

women working full-time earn____% of what is earned by a male.

75%

which of the following is the most accurate statement A) the standard of living for poor american children is very low compared to that of the middle class B) poor children in the US are much worse off than poor children in other OECD countries C) Poor Children in the US are much better off than poor children in all other OECD countries D) There is no way to compare the degree of child poverty in the us with one from other economically advanced countries.

A

which of the following statements if false? A) nearly half of all poor people own their own home B) a poor person today has roughly the same standard of living as middle class did 30 years ago C) the reported consumption spending of people in the lowest quintile is about twice their reported income D) the standard of living for americas poor is comparable to the rest of the worlds poor

D

what is Charles Murray's view?

Poverty is mainly caused by government antipoverty programs

which of these is most accurate? A) because of the efforts of the veterans Admin. only a handful of veterans are homeless B) most military families have to get by on food stamps and food pantries C) military pay is high enough to keep all families out of poverty D) politicians don't provide enough economic support to our troops

most military families have to get by on food stamps

which statement is true? A) most of the nations poor receive welfare benefits B) Since the Welfare reform act of 1996, no new welfare cases have been accepted C) more prople than ever are receiving welfare benefits D) most single mothers who have recently left welfare remain poor.

most single mothers who have left welfare have remained poor.