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MicroEcon Ch15 - Poverty

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the sum of the value of all assets, including money in bank accounts, financial investments, a pension fund, and the value of a home.

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Terms in this set (18)

the sum of the value of all assets, including money in bank accounts, financial investments, a pension fund, and the value of a home.

a federally funded program, started in 1964, in which each month poor people receive SNAP cards they can use to buy food.

Supplemental Nutrition Assistance Program (SNAP).

the group of government programs that provide assistance to the poor and the near-poor.

taking income from those with higher incomes and providing income to those with lower incomes.

redistribution.

dividing a group into fifths, a method economists often use to look at distribution of income.