Exam 18: The Distribution of Income

With an earned income tax credit of 45 percent, a worker who earns $12 per hour would receive approximately _____ per hour.

Since 1970, how has income inequality changed in the U.S. in each quintile?

_____ measures money that is received from employment or other activities.

The earned income tax credit:

The poverty line is set at approximately _____ times the amount that is needed to buy an adequate amount of food.

The after-tax poverty rate:

_____ tax rates on labor or products generate a _____ deadweight loss.

The _____ is designed to supplement the earnings of low-income workers by providing a subsidy for working.

Some economists and business leaders are advocating a simpler universal basic income system for antipoverty programs. What are the proponents suggesting?

Income inequality is the:

_____ is the minimum level of income, including certain government benefits, below which an individual, a family, or a household is considered poor.

Some economists and business leaders are advocating a simpler universal basic income system for antipoverty programs. What are the critics suggesting?

In 2017, the earned income tax credit peaked at just over:

(Figure: Lorenz Curve 0) In the figure, income equality increases if area _____ gets _____.

The earned income tax credit:

The consumption use of goods and services poverty rate:

The Gini coefficient is:

Income is:

With an earned income tax credit of 45 percent, a worker who earns $13 per hour would receive approximately _____ per hour.

A Gini coefficient of _____ means maximum income inequality.