曼昆经济学课后Chapter 20.docVIP

SOLUTIONS TO TEXT PROBLEMS: Quick Quizzes 1. The poverty rate measures the percentage of the population whose family income falls below an absolute level called the poverty line. It tells you something about the distribution of income at the lower end of the income scale. Three potential problems in interpreting the measured poverty rate are: (1) in-kind transfers are not accounted for in the poverty rate, so the poverty rate overstates the amount of poverty; (2) the economic life cycle means that incomes are less equal in annual terms but more equal over people’s lifetimes; and (3) t