Nbsplisted below are several summary statements from the

Assignment Help Microeconomics

Reference no: EM13377840

Listed below are several summary statements from the 2010 Census report:

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.

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.
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

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.

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.

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

Required:

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-noted concerns and meets APA standards. Submit your document to the W5: Assignment 1 Dropbox by Saturday, September 7, 2013.

Create a 5-12 slide PowerPoint presentation that summarizes the findings of your report. Post this assignment to the Discussion Area by Saturday, September 7, 2013.
Comment on at least two other presentations submitted by your peers, identifying the strengths and weaknesses of each.

Reference no: EM13377840

Questions Cloud

A company obtained 500000 for a necessary technology from a : a company obtained 500000 for a necessary technology from a venture capitalist who charges them 24 compounded monthly.

Top switch inc designs and manufactures switches used in : top switch inc. designs and manufactures switches used in telecommunications. serious flooding throughout the state of

Joe enjoys fishing amp goes out about 20 times per year one : joe enjoys fishing amp goes out about 20 times per year. one day sara told him that fishing is too expensive of a

Demonstrate an understanding of essential accounting : demonstrate an understanding of essential accounting information systems standards and controls.assume you are a cpa

Nbsplisted below are several summary statements from the : nbsplisted below are several summary statements from the 2010 census reportthe official poverty rate in 2010 was 15.1

An increase in price in a market will all else remaining : an increase in price in a market will all else remaining constant increase the demand in the market for a good or

June 1 deposited the 150000 into a business account paid : june 1 deposited the 150000 into a business account. paid three months rent in advance of 3000. prepaid rent is treated

Assume that the companys is considering a merger the : assume that the companys is considering a merger. the possible merger currently faces some threats and that the

Rex baker and ty farney are forming a partnership to which : rex baker and ty farney are forming a partnership to which baker will devote one-half time and farney will devote full

User Account

All Pages