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Issues in Economics Today
Issues in Economics Today
Robert Guell, Indiana State University

Poverty and Welfare

Key Terms


in-kind subsidies  Provisions of goods and services in forms other than cash.
poverty gap  The total amount of money that would have to be transferred to households below the poverty line for them to get out of poverty.
poverty line  That level of income sufficient to provide a family with a minimally adequate standard of living.
poverty rate  The percentage of people in households whose incomes are under the poverty line.




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