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11.6 KEY TERMS

image | interactive activity

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.

Question

Welfare state
Government transfer
Poverty program
Social insurance program
Poverty threshold
Poverty rate
Mean household income
Median household income
Gini coefficient
Means-tested
In-kind benefit
Negative income tax
Private health insurance
the income of the household lying at the exact middle of the income distribution.
when each member of a large pool of individuals pays a fixed amount annually to a private company that agrees to pay most of the medical expenses of the pool’s members.
a number that summarizes a country’s level of income inequality based on how unequally income is distributed across quintiles.
a program available only to individuals or families whose incomes fall below a certain level.
a program that supplements the income of low-income working families.
government programs—like Social Security, Medicare, unemployment insurance, and food stamps—designed to provide protection against unpredictable financial distress.
the collection of government programs designed to alleviate economic hardship.
a benefit given in the form of goods or services.
a government program designed to aid the poor.
the percentage of the population living below the poverty threshold.
the annual income below which a family is officially considered poor.
a government payment to an individual or a family.
the average income across all households.