Homework Assignment 2
\nE1. Explain how the official poverty rate was
\nestablished and how it is currently calculated in the
\nUnited States. Now discuss five shortcomings of the
\nofficial poverty measure. Are there alternative
\nmeasures of poverty that may be better If so,
\ndescribe them.
\nResearch:
\nR1. (6 Points) Prepare, for an adult living in Los
\nAngeles, a minimum needs budget, listing goods and
\nservices, with estimated monthly costs, needed for a
\nsingle individual. Now, redo this budget for a family of
\nfour (two adults and two children) living in Los
\nAngeles. Put your budgets in table form and provide
\nexplanations for your estimates.
\nR2. (5 points) Does money bring happiness This
\nquestion has been seriously addressed in scholarly
\nstudies. It is briefly discussed in Chapter 1 of Schiller.
\nRead Schiller and then look for other studies on the
\ninternet. Is there agreement on the relationship
\nbetween money and happiness Provide a paragraph
\ndescribing the range of views and cite your sources.
\nExtra Credit: Find recent (2014 should be available)
\npoverty rates for:<\/p>\n
Los Angeles<\/p>\n
Chicago<\/p>\n
Houston<\/p>\n
New York<\/p>\n
Detroit
\nCreate your own table for the data. Indicate if the
\nrates are for the city or the metropolitan area.<\/p>\n","protected":false},"excerpt":{"rendered":"
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