Asked by Jehona Dullovi on Jun 04, 2024

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The minimal level of income that the federal government considers necessary for individual's and families' basic subsistence is called the

A) poverty line.
B) minimum wage.
C) welfare subsidy.
D) taxable income.

Poverty Line

A threshold used to determine the minimum level of income required to secure the necessities of life.

Basic Subsistence

The minimum resources necessary for maintaining the basic levels of living including food, shelter, and clothing.

Federal Government

The national government of a federal country, which holds the ultimate authority over matters that affect the country as a whole.

  • Comprehend various viewpoints and interpretations related to poverty.
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Verified Answer

CK
Caroline KenowJun 09, 2024
Final Answer :
A
Explanation :
The poverty line is the minimum income level considered necessary for individuals and families to afford basic necessities such as food, shelter, and clothing. It is used to determine eligibility for government assistance programs and to measure the level of poverty in a population. The minimum wage and taxable income are not necessarily related to poverty, and welfare subsidies are a form of government assistance rather than a measure of basic subsistence.