Reference no: EM131130641
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).2
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.
|
How will concept help function as a nonprofit administrator
: Answer the following questions: What does the statement mean that nonprofit theories are complementary rather than rival? How will this concept help you function as a nonprofit administrator?
|
|
Use the renewal equation to find the distribution
: Use the renewal equation to find the distribution of the random variables τk, taking their values in the interval [0,π/2], of a renewal process for which
|
|
Develop your interpretation using both the film
: Develop your interpretation using both the film and the play. do you think Romeo and Juliet is just a love story, or more then that(politics )? write one page essay?
|
|
Submit your entire synthesis draft to this discussion
: please submit your entire synthesis draft to this discussion. - how communication through technological innovations has helped the Millennials and older generations.
|
|
Identify possible economic policies that may explain
: Identify possible economic policies that may explain these items and/or those which could be used to deal with the problems or situations described.
|
|
State of economy security return
: Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. Assuming that all three states are equally likely. State of Economy Security Return If State Occurs Recession –6 % Normal 10 Boom..
|
|
A birth and death process with state space
: Let {X(t), t ≥ 0} be a birth and death process with state space {0,1,2} and having the following birth and death rates: λo= λ1 = λ > 0, μ1 unknown, and μ2 = μ1 > 0. For what value(s) of μ1 is the process regenerative? Justify.
|
|
Why did you choose to participate in these activities
: Are you involved in any civic engagements or volunteer activities in your community? Name them. Why did you choose to participate in these activities? OR Why haven't you become involved in community events and volunteer opportunities?
|
|
What is the nature and purpose of criminal law
: What is the nature and purpose of criminal law? In your response, identify commonalities of purpose within law enforcement, corrections, the courts, and social services.
|