The accompanying table contains data on the U.S. economy for the years 1983 and 2010. The second
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a. By what factor has the poverty threshold increased from 1983 to 2010? That is, has it doubled, tripled, and so on?
b. By what factor has the CPI (a measure of the overall price level) increased from 1983 to 2010? That is, has it doubled, tripled, and so on?
c. By what factor has GDP per capita (a measure of the standard of living) increased from 1983 to 2010? That is, has it doubled, tripled, and so on?
d. What do your results tell you about how those people officially classified as "poor" have done economically relative to other U.S. citizens?
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