ECONOMICS
INCOME DISTRIBUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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how much money poor people earn
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how many people donate money to charity
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how many people are living below the poverty threshold
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how much money to take from the rich
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Detailed explanation-1: -There are two primary sources for U.S. poverty statistics: the Current Population Survey and the American Community Survey. The official annual estimates of national poverty levels are calculated from the Annual Social and Economic Supplement to the Current Population Survey (CPS ASEC).
Detailed explanation-2: -Poverty is measured in the United States by comparing a person’s or family’s income to a set poverty threshold or minimum amount of income needed to cover basic needs. People whose income falls under their threshold are considered poor. The U.S. Census Bureau is the government agency in charge of measuring poverty.
Detailed explanation-3: -The proportion of people below the poverty line is estimated by the ratio to the number of people. The total number below the poverty line is divided by the total population to estimate the proportion of the population that is poor. This number is multiplied by 100 to derive a percentage.
Detailed explanation-4: -eThe approximate percentage of population living below the Poverty Line in India is 27.5% .