Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.
income wealth functional distribution of income personal or family distribution of income Lorenz curve Gini coefficient poverty thresholds poverty rate income deficit ratio of income to poverty | Income levels for various household sizes, below which people are considered to be living in poverty. The ratio of family income to the poverty threshold. Families with ratios below 0.5 are considered severely poor, families with ratios between 0.5 and 1.0 are considered poor, and those families with ratios between 1.0 and 1.25 are considered near poor. A measure of income inequality defined as the area between the Lorenz curve and the equal distribution line divided by the total area below the equal distribution line. The difference between the poverty threshold and a family’s income. A stock measure of an individual’s or family’s assets, net of liabilities, at a given point in time. The percentage of the population living in poverty. The distribution of income for resources or factors of production (land, labor, capital, and entrepreneurial ability). The distribution of income to individuals or family groups (typically quintiles, or fifths, of the population). A graph showing the cumulative distribution of income or wealth. Households are measured on the horizontal axis while income or wealth is measured on the vertical axis. A flow measure reflecting the funds received by individuals or households over a period of time, usually a week, month, or year. |