It's the Economy, Stupid...
A system of institutions that organizes social provisioning.
What is the economy?
Measures used to indicate whether or not an economy is enhancing well-being.
What are economic indicators? Will also accept What are living standards?
Transactions in which one thing of value is traded for another.
What is exchange?
A level of provision below which a household is unable to meet it’s needs.
What is absolute poverty?
OPM
What is the Official Poverty Measure?
Having present and future financial security.
What is economic well-being?
Macroeconomic goal measured by the unemployment rate.
What is full employment?
Transfers of income, assets, resources, or goods and services among individuals or groups.
What is redistribution?
A period of time that an individual or household experiences poverty. For most people, these are relatively short.
What are poverty spells?
SPM
What is the Supplemental Poverty Measure?
Human constructed organizations, laws, rules, habits, and social norms that evolve over time and that structure patterns of economic life.
What are economic institutions?
Macroeconomic goal measured by the rate of inflation in a society.
What is price stability?
A type of transfer that is based on mutual benefit and sharing of needed resources over time - but not through simultaneous exchange.
What is reciprocity?
A level of provision that falls significantly below that of others in a group or population.
What is relative poverty?
MPI
What is the Multidimensional Poverty Index?
Processes whereby buyers and sellers interact to exchange money for commodities.
What are markets?
Macroeconomic goal measured by the Gross Domestic Product (GDP)
What is economic growth?
Manufactured goods that are used to produce other goods and services.
What is capital?
Percentage of individuals (or households) with income below the appropriate poverty threshold.
What is the poverty rate?
FCAB
What is Financial Capability and Asset Building?
A principle that requires an exchange to be equal or equitable.
What is commutative justice?
Households, businesses, governments, and nonprofit organizations
What are key economic institutions?
The productive capacity to transform resources into goods and services.
What is labor?
36 million
What is the number of Americans living below the poverty line?
S-SS
What is the Self Sufficiency Standard?