Instructions: Identify the Following Terms

question 59

Short Answer

Instructions: Identify the following terms.
Britain's Labour Party

---

Definitions:

Income Quintile

A statistical value of a data set that represents 20% of a population divided based on income levels, used to analyze economic disparity.

Property Income

Income earned from the ownership of assets, such as rents from property, dividends from shares, or interest from financial investments.

Earned Income Tax Credit

A refundable tax credit for low- to moderate-income working individuals and families, designed to encourage and reward work.

Poverty Rate

The proportion of the population that earns an income too low to cover basic living expenses, as measured by the national poverty line.