19 the poverty line in the us each year is adjusted

19. The poverty line in the U.S. each year is adjusted to reflect changes in:
a. the median wage rate and/or median income – up or down – in the economy.
b. the cost of food.
c. the overall price level (that is, the inflation rate).
d. the standard of living as reflected in the average economic growth rate.
e. the Gini ratio or coefficient.
20. A few years ago, our library had a book sale. The price schedule for hardback books was as follows:
Monday: $20 Tuesday: $10 (for remaining books);
Wednesday: $5 (for remaining books) Thursday: $3 (for remaining books)
This should remind you of an example / reference in:
21. A “negative income tax” (EITC) is designed to remedy what defect of conventional welfare programs?
22. Lorenz curves measure: 23. According to official definitions, _______ percent of the U.S. population is currently classified as poor.
a. 4.9; b. 8.8; c. 13.8; d. 16.1; e. 20.0 f. 27.4

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Part II. Short Answer, Problem, Graphing and Essay Questions. 27 Points Total.
Note : Illegible handwriting will not be read and the full point deduction will be assessed.