Reference no: EM131137995
Assignment: Market Failure: Poverty and Income Inequality
Listed below are several summary statements from the 2010 Census report:
1. The official poverty rate in 2010 was 15.1 percent-up from 14.3 percent in 2009. This was the third consecutive annual increase in the poverty rate. Since 2007, the poverty rate has increased by 2.6 percentage points, from 12.5 percent to 15.1 percent.
2. In 2010, 46.2 million people were in poverty, up from 43.6 million in 2009-the fourth consecutive annual increase in the number of people in poverty.
3. Between 2009 and 2010, the poverty rate increased for non-Hispanic Whites (from 9.4 percent to 9.9 percent), for Blacks (from 25.8 percent to 27.4 percent), and for Hispanics (from 25.3 percent to 26.6 percent). For Asians, the 2010 poverty rate (12.1 percent) was not statistically different from the 2009 poverty rate.1
4. The poverty rate in 2010 (15.1 percent) was the highest poverty rate since 1993 but was 7.3 percentage points lower than the poverty rate in 1959, the first year for which poverty estimates are available.
5. The number of people in poverty in 2010 (46.2 million) is the largest number in the 52 years for which poverty estimates have been published.
6. Between 2009 and 2010, the poverty rate increased for children under age 18 (from 20.7 percent to 22.0 percent) and people aged 18 to 64 (from 12.9 percent to 13.7 percent), but was not statistically different for people aged 65 and older (9.0 percent).
Source: https://www.census.gov/hhes/www/poverty/data/incpovhlth/2010/highlights.html
Tasks:
• Select any four of the six summary statements and explain in detail the significance and possible causes of each item.
• Be sure to use the economic concepts and polices discussed in your textbook where applicable.
• Identify possible economic policies that may explain these items and/or those which could be used to deal with the problems or situations described.
Deliverables:
• Prepare a 5-10 page Microsoft Word document that addresses the above tasks and meets APA standards.
• Include a summary section in your report that contains 5-7 bullet pointsidentifying your major findings or conclusions of your paper.
All submissions must be original and all resources must be properly acknowledged.
|
Analyzing statement of cash flow
: Also one page on analyzing Statement of cash flow: Are cash flows from operations more or less then net income for the past two years? And one page on analyzing one significant item from the notes to the financial statements
|
|
Which market structure you would prefer for buying products
: Describe which market structure you would prefer for buying products. Explain why and support your answer with the characteristics of that market.
|
|
Determine the total noise power of the output of flow graph
: Without actually computing the output noise power for flow graph #2, you should be able to determine which system has the largest total noise power at the output. Give a brief explanation of your answer.
|
|
Evaluate the critical elements of a source document
: Evaluate the critical elements of a source document. Critically analyze and summarize complex documents. Participate in a collaborative writing process. Synthesize information from multiple source documents.
|
|
Explain in detail the significance and causes of each item
: Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable.
|
|
Why increased interest rates mean people hold less wealth
: I'm trying to make sense of this statement, and I'm having a hard time. Why do increased interest rates mean that people hold less wealth in the form of money?
|
|
What has been the company financial strategy
: What has been the company's financial strategy? Why does Mr. Butler have to borrow so much money to support this seemingly profitable business? Has he been managing his company's cash flow wisely
|
|
Discuss why the tax multiplier is different
: Discuss how the Multiplier leads to closing the gap between equilibrium and full employment. - Discuss why the tax multiplier is different.
|
|
Defines social determinants of health
: Healthy People 2020 defines social determinants of health as the conditions in the environments in which people are born, live, learn, work, play, worship, and age that affect health, functioning, and quality-of-life outcomes and risks.
|