Asked by Pierre Chew Seng Yaw on May 16, 2024
Verified
In determining the number of persons who are poor in the U.S.when calculating family income
A) only earnings are counted.
B) only earnings are counted,while cash transfers from the government are excluded.
C) money income,including cash transfers received from the government,is counted.
D) both earnings and the value of medical services,food stamps,and housing received are counted.
Family Income
The combined total income earned by all members of a family, typically calculated annually and considered for purposes of taxation and determining eligibility for financial aid.
Cash Transfers
Payments made in cash from one party to another, often used in the context of social welfare programs where the government provides money directly to individuals.
Money Income
The total income received in the form of money, including wages, salaries, and investment earnings.
- Comprehend the effect of different types of public assistance and in-kind benefits on poverty metrics.
- Comprehend the methodologies employed by the government to evaluate poverty and analyze the consequences of incorporating non-cash benefits into poverty assessments.
Verified Answer
TB
Thanh BìnhMay 17, 2024
Final Answer :
C
Explanation :
When determining the number of poor persons in the U.S., money income, including cash transfers received from the government, is counted. This is because poverty thresholds used by the government take into account both cash income and non-cash benefits, such as food stamps and housing subsidies, in order to provide a more accurate measurement of poverty.
Learning Objectives
- Comprehend the effect of different types of public assistance and in-kind benefits on poverty metrics.
- Comprehend the methodologies employed by the government to evaluate poverty and analyze the consequences of incorporating non-cash benefits into poverty assessments.