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30 Cards in this Set
- Front
- Back
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Poverty in Iowa City |
21.7% |
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Poverty in Johnson County |
15.9% |
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US Poverty |
14.5% |
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Poverty gap |
Difference in your income and the poverty threshold |
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Family of 4 threshold |
$24,350 |
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Unemployment in Iowa City |
2.5% |
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Iowa Unemployment |
3.1% |
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US unemployment |
4.9% |
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PELL Grants |
College tuition for students with low income |
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Supplemental Security Income |
Provides cash to elderly and disabled |
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Private goods |
Rival and exclusive |
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Public goods |
Non rival and non exclusive |
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Natural monopoly goods |
Nonrival exclusive |
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Open access goods |
Rivaling nonexclusive |
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Social insurance |
Cash transfers to retirees, the unemployed, and others with a work history and a record of contributions to the program |
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Income assistance programs |
Government programs that pride money and in-kind assistance to the poor |
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Cash transfer programs |
Give money directly to recipients |
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In-kind transfer programs |
Non cash forms of assistance such as housing and health care |
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Means tested programs |
A households income and assets must fall below a certain level to qualify for benefits |
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Sepplemental security income |
Provides cash to elderly poor and disabled |
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Poverty in Iowa |
9.1% |
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Unemployment insurance |
Getting paid while unemployed |
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Medicaid |
Funds medical care for those with income below a certain level who are blind, disabled, or living with dependent children |
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Income redistribution programs |
Federal spending programs to help the poor |
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Earned income tax credit |
Supplements the wages of the poor |
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Women and infant children (WIC) |
Provides basic needs to WIC |
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Supplemental Nutrition Assistance Program |
Provides food to kids such as free and reduced lunch |
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PELL Grants |
College tuition for students with low income |
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Negative income tax |
Money to people who have no income tax because they don't have enough money |
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Subsidized housing |
Government helps pay for rent |
