week12

Question 1

Poverty line vs poverty rate

Answer 1

Poverty line: the annual income below which a family is officially considered poor

Poverty rate: % of the pop below the poverty line

Question 2

Gini coefficient

Answer 2

from 0 to 1; the higher the less equal

Measures income inequality

Question 3

Welfare state

Answer 3

the collection of government programs designed to alleviate economic hardship

A lot share of it consist of government transfers

Question 4

What’s the rationale for the welfare state?

Answer 4

1. Alleviating income inequality
2. Alleviating economic insecurity
3. Reducing poverty and providing access to health care

Question 5

Welfare state in Canada

Answer 5

Tableau
Means-tested programs: benefit individuals whose incomes fall below a certain level
In-kind benefits: given in the form of goods and services
Non-mean-tested programs: provide benefits to everyone
Monetary transfers