Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Chapter 23 Test Bank Key
1. The minimally adequate living standard for a U.S. family of four is known as the
2. In 1963 the U.S. poverty standard was equal to
3. In 2014 inflation adjusted U.S. poverty threshold was
1963.
4. Which of the following explains why the U.S. poverty threshold increased from $3,000 per year in 1963
to $29,000 per year in 2014?
5. An annual income of less than $29,000 is
6. The poverty rate is
7. According to official U.S. statistics, the U.S. poverty rate has been approximately _____ percent for the last 40
years.
A. 5 to 18
8. The direct transfer of goods and services rather than cash is known as
A. In-kind transfers.
9. Which of the following is not an example of in-kind
transfers? A. Food stamps.
10. In-kind transfers include the direct transfer of
11. In-kind transfers include
A. Transfer payments and food stamps.
12. What is not included in America's poverty count?
A. High school dropouts.
13. Which of the following statements is true?
A. American poverty is less severe than global poverty.
14. When compared to those in poor countries, poor people in the United States receive
15. U.S. poverty is more about _______ deprivation than _______ deprivation.
16. Which of the following is an indicator of how much output the average person would get if all output were
divided up evenly among the population?
17. The best measure of average income for a country
18. The World Bank defines severe poverty as
A. An income level of less than $1.25 per person per day.
19. Which of the following statements is true?
20. U.S. per capita GDP is roughly how much larger than the world average?
21. Over three-fourths of the world's population lives in households that have an average income of less than
_____ per year.
22. According to the World Bank, "extreme" poverty is defined as an income per person of less than
23. The World Bank defines _______ poverty as an income of less than $1.25 per day per person.
24. According to the World Bank, "severe" poverty is defined as an income per person of less than
25. The World Bank defines _______ poverty as an income of less than $2 per day per person.
26. According to the World Bank, over 1 billion people are classified as being in _______ poverty.
A. subsistence
27. According to the World Bank, _______ people are classified as being in severe poverty.
28. According to the World Bank, nearly 3 billion people are classified as being in _______ poverty.
A. severe
29. Over half of the people who live in extreme poverty in the world live in
30. Which of the following countries has the greatest percentage of people living in extreme poverty?
31. Which of the following is not associated with global poverty?
32. Which of the following is associated with global poverty?
33. Which of the following is not associated with global poverty?
34. Upward mobility for those in poverty is
35. The United Nations'goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as
the
A. Global Poverty Goal.
36. The Millennium Poverty Goal is the United Nations'goal of reducing the global rate of extreme poverty to ___
percent by 2015.
A. 15
37. The U.N.'s Millennium Poverty Goal is to
A. Keep the number of people in poverty at a constant level.
38. The general approaches to global poverty reduction include all of the following except
A. Within-nation redistribution of income.
39. The general approaches to global poverty reduction include all of the following except
40. Income inequality is
41. Which of the following is true about income inequality?
42. In which of the following would the richest tenth of the population be most likely to receive the highest
percentage of the country's income?
43. In which of the following would the richest tenth of the population be most likely to receive the highest
percentage of the country's income?
A. Sweden.
44. Income inequalities are greatest in
A. Developed countries such as Japan.
45. The U.N.'s Millennium Aid Goal is to raise foreign aid levels to ____ percent of donor country GDP.
46. Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor
country GDP?
A. The United States.
47. Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor
country GDP?
48. The U.N.'s Millennium Aid Goal focuses on aid in the form of
A. Money from rich donor countries.
49. Which of the following is least likely to reduce poverty?
A. Redirecting resources within the poor nation away from the military.
50. The United States gives ___________ percent of its total output to foreign
51. Economic growth
52. An increase in output or real GDP is
53. Which of the following is not true concerning economic growth?
54. An increase in production possibilities is known as
55. Between 2000-2009, the highest economic growth rates in the world have occurred in
58. The reduction in world poverty from 1990 to 2014 was due almost entirely to the decrease in poverty in
57. One of the keys to reducing poverty is
59. Which of the following is a critical key to reducing poverty in the poorest nations?
A. Reduced population growth.
59. Per capita GDP will definitely increase if
60. Per capita GDP will definitely fall when
A. Population increases.
61. Poverty is most likely to decrease if
62. Poverty is most likely to decrease when
63. The knowledge and skills possessed by the workforce is known as
64. In order for the existing workforce to be more productive, there needs to
65. Institutional barriers that impede human and physical capital investment are known as
66. If women are not allowed to vote or inherit wealth but men are, this is an example of
148. If women are prohibited or discouraged from attending school but men are allowed to attend, this is an example
of
68. Which of the following is not a true barrier to human capital development in poor nations?
69. Which of the following is not important for the development of human
70. In order to have adequate water access, based on the World Bank definition, there should be
A. Indoor plumbing in at least one-quarter of the homes in a country.
71. According to Rostow's five stages of development, which of the following is characteristic of Stage 1?
72. According to Rostow's five stages of development, which of the following happens during Stage 1?
A. Improved infrastructure.
73. According to Rostow's five stages of development, which of the following is characteristic of Stage 5?
74. According to Rostow's five stages of development, which of the following happens during Stage 3?
A. Low productivity.
Topic: ECONOMIC GROWTH
75. In order to increase productivity and economic growth, poor nations need
A. Increased capital investment.
76. China has experienced particularly high rates of economic growth as a result of
77. Which of the following will not increase the opportunity for internal financing of capital?
A. Improved banking facilities.
78. The investment rate is the percentage of total output allocated to
79. The percentage of total output allocated to the production of new plants, equipment, and structures is the
Topic: ECONOMIC GROWTH
80. The granting of small, unsecured loans to small businesses and entrepreneurs is known as
