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Lab Instructions 1 (0.4 points) Refer to the US. Census Bureau's poverty thresholds and nd the income level needed for a family of 3 (2 adults, 1 child under 18) living in the US. to be considered above the poverty line in the most recent year for which data are provided. Include in your answer the year you are referencing. [HINT: type Census.gov poverty thresholds into Google] a. (0.4 points) What was the federal minimum hourly wage in that same year, according to the Bureau of Labor Statistics (bls.gov)? _ . b. (0.4 points) How many hours must a family of 3 in that year have worked in a minimum wage Job(s) In order to be above the poverty line? . c. (0.4 points) If someone worked a typical full-time job (2000 hours / year), what would be his or her annual earnings in a minimum wage job? 3 The US. Census bureau collects data on individuals' spending through the Clinsumer Expenditure Survey. Read about the survey here: https:[(www.bls.gov[cex[home.htm. a. Click the link to view CE Tables, and open the most recent \"Muitiyear means\" table under \"Top line means tables, 1984 forwar .\" . b. Fill in the table below with the average amount spent on each category for \"All consumer units\" (i.e. the whole population) in the most recent year for which data are available. An average consumer unit is 2.5 people. We will assume this is two adults and one child. Category Avera e Annual Expenditures (0.2 points each) Food . Housin Clothing (apparel and services) Transpo_rtation Healthcare Education TOTAL (0 points) D 4- Compare the total in your table above to the poverty line found in question 1 and minimum wage earnings found in part (b) of question 2. Keep in mind that average expenditures in the CE Survey include both very rich and very poor Americans. If the poverty data and expenditures data are not from the same year, they should still be close enough to answer the following questions. a. (0.4 points) What categories are left out of the table above that you consider necessities? b. (0.4 points) Based on these numbers and others you see reported in the CES or elsewhere, what is your opinion of the federal poverty line? Is it fair? Should it be increased or decreased? c. (0.4 points) What about the federal minimum wage