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The Total Amount of Money That Would Have to Be

question 38

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The total amount of money that would have to be transferred to households in poverty to raise them out of poverty is the

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Definitions:

Family Support

Financial contributions, typically governed by legal or agreement, made to support the wellbeing and upkeep of family members.

Economic Value

The significance of a good or service for individuals or society in terms of its ability to satisfy needs or wants.

25-year Annuity

A financial product that provides a series of payments made at equal intervals over 25 years.

Compounded Semi-annually

A method of computing interest where the interest is calculated and added to the principal twice a year.

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