When determining whether an income places a family or individual in poverty, the official poverty rate excludes
a. money income derived from sources other than labor.
b. money income received from transfer programs.
c. noncash benefits derived from programs supplying recipients with food, housing, and medical benefits.
d. noncash benefits that are provided the non-elderly, but it counts these benefits when they are supplied to the elderly.
C
You might also like to view...
Suppose the full-employment equilibrium real wage rate is $11 per hour while the actual real wage rate is $12 per hour. If the actual real wage rate does not change, then
A) job rationing will decrease. B) the production function will shift downward. C) job search will decline. D) job rationing will occur. E) a positive Okun Gap will occur.
Peg's Manicure Manor did 4,000 sets of nails in 2015 and 4,500 sets of nails in 2016. The price of a set of nails was $20 in 2015 and $22 in 2016. If 2015 is the base year, Peg's contribution to nominal GDP in 2015 was ________ and to real GDP in 2015 was ________.
A. $80,000; $80,000 B. $80,000; $88,000 C. $88,000; $90,000 D. $80,000; $99,000