Since the official poverty line was set at $3,000 in 1964, prices have risen by about a

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Since the official poverty line was set at $3,000 in 1964, prices have risen by about a factor of 7. If the poverty line was adjusted only for inflation, what would it be now? How does that compare with the actual poverty line?

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:19 AM

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Since the official poverty line was set at $3,000 in 1964, prices have risen by about a

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Economics Principles and Policy

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