Poverty thresholds are determined by the U.S. Census Bureau. A poverty threshold represents the minimum annual household
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Poverty thresholds are determined by the U.S. Census Bureau. A poverty threshold represents the minimum annual household income for a family not to be considered poor. In 1998, the poverty threshold for a family of four with two children under the age of 18 years was $16,530. In 2008, the poverty threshold for a family of four with two children under the age of 18 years was $21,834.
Assuming poverty thresholds increase in a straight-line fashion, use the midpoint formula to estimate the poverty threshold of a family of four with two children under the age of 18 in 2003. How does your result compare to the actual poverty threshold in 2003 of $18,660?
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