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13-2 vocab

QuestionAnswer
Poverty The condition where a person's income and resources do not allow him or her to achieve a minimum standard of living.
Poverty threshold the minimum income needed to pay for the basic expenses of living.
Poverty rate The percentage of people living in households that have incomes below the poverty threshold.
Income distribution The way income is divided among people.
Income inequality The unequal distribution of income.
Lorenz curve A curve that shows the degree of income inequality in a nation.
Welfare Government economic and social programs that provide assistance to the needy.
Workfare A program that requires welfare recipients to do some kind of work.
Food Stamps A program that helps those with low incomes to buy groceries.
Created by: joannw15
 

 



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