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Answer:
1 are earning a household income that is less than the threshold set by government
2 The Supplemental Poverty Measure includes nonmonetary benefits like housing subsidies and tax credits, while the official poverty measure does not.
3 distribution of total GDP among the working population
4 Social Security income
5 progressive tax
OCA Poverty and Resource Distribution Quick Check
The official poverty rate is the percentage of residents who are earning a household income that is less than the threshold set by the government. So, option C is correct.
What is the poverty threshold?
The poverty threshold is the minimum level of income of a person in a country. It may be adjusted annually.
Poverty can be calculated by the total cost of all the basic needs or resources that an average human can consume in a year.
Poverty depends on various factors such as lack of education, economic crisis, climate changes, lack of resources, etc.
The Supplemental Poverty Measure includes nonmonetary benefits like housing subsidies and tax credits, while the official poverty measure does not.
Distribution of total GDP among the working population
The official poverty rate is the percentage of residents who are earning a household income that is less than the threshold set by the government.
Learn more about poverty;
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