Chapter 30 Key Concepts Flashcards
Poverty (10 cards)
1
Q
Quintile
A
breakdown of incomes that groups the population into 5 groups of 20% each
2
Q
Lorenz curve
A
Graphical measuring of income distribution
3
Q
Gini coefficient
A
mathematical ratio of income distribution calculated using the Lorenz curve
4
Q
US poverty level
A
3 times the income needed in order to maintain a calorically stable diet
5
Q
Absolute poverty
A
Minimum needed in order to survive
6
Q
Relative poverty
A
comparison to others income in a society
7
Q
Social Security
A
US government program providing income to infirm and elderly
8
Q
Supplemental security and temporary relief
A
Aid to families falling below a certain income
9
Q
Supplemental nutrition assistance
A
Food stamps
10
Q
Earned income tax credit
A
Tax program to get income into low income working families
