problem 1) describe the distribution of income in United States by personal income categories by families and quintile distribution by families.
problem 2) Describe how the Lorenz curve is used to describe income inequality.
problem 3) Describe the impact of income mobility on income distribution data.
problem 4) Describe the broadened concept of income, that includes the effects of taxes and transfer payments, and how this affects the extent of inequality of income and poverty in the U.S.
problem 5) prepare down the seven causes of the unequal income distribution.
problem 6) describe changes and causes for changes in inequality through the 1929 47, 1947 69, and 1969 96 periods.
problem 7) Mention and evaluate cases for and against income inequality, using the equality vs. efficiency argument.
problem 8) describe poverty as a Federal government does.
problem 9) Identify the rate of poverty in the U.S., and incidence of poverty for blacks, Hispanics, and female-headed families; identify some of the reasons for the poverty of each group.
problem 10) Recognize the “invisible” poor and provide three reasons for this invisibility.
problem 11) Contrast social insurance and public assistance (welfare) programs.
problem 12) describe the main social insurance programs.
problem 13) describe and evaluate the main public assistance (welfare) programs.
problem 14) describe the differences between social insurance programs and public assistance programs.
problem 15) describe and evaluate goals and conflicts inherent in public assistant programs.
problem 16) Describe the criticisms of old welfare system.
problem 17) describe the main provisions of the Personal Responsibility Act of 1996.