Identify possible economic policies that may explain items

Reference no: EM131600624

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.

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

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.

• Prepare a 5 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 points identifying your major findings or conclusions of your paper.

All submissions must be original and all resources must be properly acknowledged.

Reference no: EM131600624

Questions Cloud

Major strengths and two major weaknesses : Thoroughly explain at least two major Strengths and two major Weaknesses) of the organization.

Which outcome wins under pair-wise majority voting : Under pair-wise majority voting, which outcome wins? These preferences suffer from the Condorcet paradox, so there is no clear winner.

Describes the types of accrediting agencies : Reply to your boss with a one page email that describes the types of accrediting agencies and provider report cards that currently exist.

Explain the issue from an ethical perspective : Explain the issue from an ethical perspective, equally presenting the strengths and weaknesses of both sides of the debate.

Identify possible economic policies that may explain items : Identify possible economic policies that may explain these items and/or those which could be used to deal with the problems or situations described.

Disease control and prevention social media toolkit : First, click here to download a copy of the Centers for Disease Control and Prevention's Social Media Toolkit.

Problem related to health insurance : You are watching a television news story about the AIDS crisis with a friend Your friend says, "I think it is terrible that people infected with AIDS.

A real-world application of the theory : Describe what the particular theorist was known for and a real-world application of the theory.

Discuss what if the house was rented : What if the passenger in your car has drugs and does not claim them. The owner of the vehicle is charged. The owner of the vehicle may lose his or her property

User Account

All Pages