Matching: Match the Key terms in Column "A" with the definitions in Column "B" by writing the block (upper) case letter of your choiceunder column "A" and match the definitions in column "B" with the meanings or examples or real world applications in column "C"by writing thesmall (lower) case letter of your choice under column "B".
PLEASE NOTE: I ONLY NEED ANSWERS FOR EVEN-NUMBERED QUESTIONS. THANKS!
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Chapter 15 or 28 Income Distribution and Poverty : Pre-Class & In- Class Activities Packet Name/I.D. Number: Section: Date: Part 2. Matching: Match the Key terms in Column "A" with the definitions in Column "B" by writing the block (upper) case letter of your choice under column "A" and match the definitions in column "B" with the meanings or examples or real world applications in column "C" by writing the small (lower) case letter of your choice under column "B". Column "A" Column "B" Column "C" 1. In-Kind Transfer A. A graph of the income distribution that a. Examples include Temporary Assistance for Needy Families expresses the relationship between the (TANF) (also known as "Welfare" or "CALWORKS" = Payments cumulative percentage of households and California Work Opportunity and Responsibility to Kids), the cumulative percentage of income. social security income, social security disability income, and _B. A measure of the degree of inequality in unemployment compensation. 2. Transfer Payments the income distribution. b. According to the U.S. Census Bureau, a family of four(4) earning below $25,750/year and the Poverty rate is about C. The situation in which individuals of equal 14% of the population in 2019. There were about 41 million 3. Lorenz Curve ability & productivity (as measured by their people living in poverty in the U.S in the year 2017. contribution to output) are paid different C. Reservoir of skill or knowledge or talent of human beings that is wage rates. acquired naturally or by investing on education and training to be more productive = Human Resource Development 4. Gini Coefficient(GC) D. The income level below which people are d. The coefficient developed by an Italian Statistician, Corrando considered to be living in poverty. Gini to measure income inequality in 1912, Money Income GC is about 0.48 for the U.S. in 2017 according to U.S. 5. Human Capital Government Census Bureau i.e., the area "a"/areas "a" + "b" in E. Payments to persons that are not made in the Lorenz curve. return for goods and services currently supplied. e. According to the U.S. Census Bureau, a woman earns about 80.5c to a Man's dollar earning in 2017 = Gender wage gap. 6. Wage Discrimination Real median earnings of men and women were $51,640 and F. Transfer payments, such as food stamps, $41,554, respectively in the year 2017. medical assistance, & subsidized housing, f. A Graph developed by an American economist Max Lorenz that are made in a specific good or service to measure income inequality in 1905. 7. Poverty Income rather than in cash. g. Examples include School lunch program, Supplemental Threshold (Poverty Nutrition Assistance Program (SNAP) since Oct. 2008 (formerly G. Education, development of skills, and known as "Food stamp"), Medicare (federal government Line) anything else that is particular to the program for the elderly), Medicaid & Children's Health Insurance individual and that increases personal Program (CHIP) (mostly state program for medical aid to needy productivity. families and kids, it is known as "Medi-Cal" in the state of CA). 3
