Chapter 30 - Income, Poverty, and Health Care

Question 0

way income is allocated among the population based on groupings of residents

Answer 0

distribution of income

Question 1

this provides us a means of consuming and saving

Answer 1

income

Question 2

geometric representation of the distribution of income

Answer 2

lorenz curve

Question 3

straight lorenz curve shows complete income blank

Answer 3

equality

Question 4

bowed lorenz curve means the actual money blank

Answer 4

income distribution

Question 5

income received in the form of goods and services such as housing or medical care

Answer 5

income in kind

Question 6

lorenz curve does not include blank

Answer 6

income in kind

Question 7

there are many blank of the lorenz curve

Answer 7

criticisms

Question 8

includes tangible objects rather than just income

Answer 8

wealth

Question 9

regular earnings profile of an individual throughout his or her lifetime

Answer 9

age earnings cycle

Question 10

ten percent of inequality is traced to blank

Answer 10

inheritance

Question 11

to each according to what he or she produces

Answer 11

productivity standard

Question 12

to each exactly the same

Answer 12

equality (egalitarian principle)

Question 13

official poverty level for an urban family of four is around blank

Answer 13

23,000

Question 14

designed to provide rebates to low income workers

Answer 14

EITC earned income tax credit program