Asked by Cashmere Wilson on Jun 17, 2024
Verified
Which of the following is not a major complaint about the official income data used in measuring poverty?
A) The income and poverty data are not frequently measured and released.
B) The income data do not aptly measure purchasing power, especially in major metropolitan areas.
C) The income data do not adequately measure households' consumption levels.
D) The income data do not account for noncash transfers and benefits.
Official Income Data
Income statistics and figures released by governmental or authoritative bodies, reflecting incomes across various demographics.
Purchasing Power
The value of currency expressed in terms of the amount of goods or services that one unit of money can buy.
Noncash Transfers
Benefits provided by the government or organizations in forms other than direct cash, such as food stamps or housing subsidies.
- Analyze the effects of economic policies on income distribution and poverty levels.
Verified Answer
PA
Pooja AdhikariJun 18, 2024
Final Answer :
A
Explanation :
The major complaint about the official income data not mentioned is that they are not frequently measured and released. In fact, income and poverty data are regularly collected and updated annually by agencies such as the U.S. Census Bureau. The other options (B, C, D) are common criticisms of how income data are used to measure poverty, including issues with accounting for purchasing power, consumption levels, and noncash benefits.
Learning Objectives
- Analyze the effects of economic policies on income distribution and poverty levels.