In a Discussion with My Mother, Who Is an Economist

question 72

Multiple Choice

In a discussion with my mother, who is an economist, I say, "I am living in poverty, I cannot be expected to buy you a birthday gift." She replies that technically I am not living in poverty because my income is above the:

• A) poverty rate.
• B) poverty threshold.
• C) negative income tax rate.
• D) inequality ratio.
• E) in-kind transfer rate.

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