Microeconomics
In most economies, some individuals will have very high incomes and some will have very low incomes. This assignment will allow you to reflect on the economic inequality and poverty is measured in the United State. Read the report on the 2013 profile of the working poor for additional insight and understanding of the topic.
Who are the poor in the United States? Justify your answer with source(s) other than the 2015 BLS 2013 profile of the working poor report.
At what income is a family of four considered to be at the poverty level? Cite your source.
Based on your research and understanding, how would you explain economic inequality in the United States? Justify your answer with source(s) other than the 2015 BLS 2013 profile of the working poor report.
Based on your understanding of Microeconomics up to this point, what steps would you recommend to cut/decrease/lower the poverty level in the United States? Be specific as it relates to (1) previous readings in the chapter or (2) documented source(s) of information.
Submission Method: In report form submit the research in a Word Document using 12 point font with standard margins with double-spacing. Do not re-type questions. Answer each question in a separate paragraph no less than three complete sentences. At the end of the Word document using APA format cite the sources used to justify your answers.
