Exam 34: Income Distribution, Poverty and Government Policy

The table below shows the distribution of income in the U.S.in the year 1978. Table 19.1 Refer to Table 19.1.What percentage of households earn 31.5% of the income?

The income tax structure in the United States is regressive in nature.

The allocations of goods and services from one group in a society to another are called:

The table given below shows the absolute tax amounts under five different tax policies for respective income levels. Table 19.2 Refer to Table 19.2.The tax structure which leads to maximum income inequality is:

The horizontal and vertical axes of the Lorenz curve respectively measure:

Economic stagnation and recession result in unemployment and poverty.

Which of the following transfer programs in the U.S.is funded by a national tax but administered by state governments?

Supplementary Security Incomes are provided to those by the U.S.government who:

Income distribution across the world is highly uneven, hence the corresponding Gini coefficient is very small.

The extent to which people move from one income quintile to another over time is called _____.

The incentives created by foreign aid are analogous to the incentives created by the welfare systems and so might not be conducive to economic growth.

Following are the controversies over how poverty should be measured, except:

A negative income tax system transfers increasing amounts of income to households earning incomes below some specified level as their income declines.

The table given below shows the absolute tax amounts under five different tax policies for respective income levels. Table 19.2 Refer to Table 19.2.Which of the following tax policies is regressive by nature?

An imposition of tax by the government for funding welfare programs raises the cost of labor to firms as:

It has been observed that the most prosperous nations are those which have enjoyed stable democratic governments.This implies there is a link between a history of stable democracy and national well-being.

The figure given below shows the Lorenz curves of two countries (Country A and Country B). Figure 19.2 Total income (cumulative percentage) Total population (cumuative percentage) In Figure 19.2, the poorest 60 percent of the population in Country B receive:

Which of the following is a cash transfer received from the government?

Which of the following refers to per capita income?

Which of the following is an example of in-kind transfer?