Question: The absolute poverty level or threshold was originally calculated by calculating the value of government subsidies and subtracting that from a family's income adjusting the

The absolute poverty level or "threshold" was originally calculated by calculating the value of government subsidies and subtracting that from a family's income adjusting the poverty level based on the median income each year estimating the cost of rent, then multiplying that by four estimating the cost of the thrifty food plan for a family of four

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!