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Into which of the three categories-employed, unemployed, out of the labor force-would an interviewer for the Current Population Survey place each of the following people? Explain. a. Jennifer Temple is working as a second-grade schoolteacher.
b. Frank Peabody is attending college full-time to earn a degree in elementary education.
c. Martin Hampton is working as a high school social science teacher but is at home sick with the flu.
d. Kyle Brown does not currently have ajob. He wants to be an elementary-school teacher. He has the appropriate degree. He has not looked for a position in the last month because he doesnt believe schools are currently hiring.
e. Brenda Dewey does not currently have a job. She has sent her resume to several school districts in the past week in hope of finding a teaching position.
Antipoverty Programs
Government initiatives aimed at reducing poverty and improving living standards for the poor through financial aid, education, and job training.
Benefits Principle
A tax policy principle suggesting that taxes should be levied according to the benefits received by the taxpayer from government services.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.
Taxable Income
The portion of an individual's or corporation's income used to determine how much tax is owed to the government in a specific tax year.
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