Module 14 Assignment

Respond to the question prompt below:

What goods and services would you include in an estimate of the basic necessities for a family of four? If a family of three earned $20,000, would they be able to make ends meet given the official poverty threshold?

Instructions

Respond to the question prompt by submitting your typed response in no more than a one-page double spaced document in 12 pt, Times New Roman. Your  response should be submitted by the deadline. This response will be graded with the writing rubric. (instructional faculty should edit this section to fit the desired expectation)

SLOS

This assignment addresses the following outcomes (and potential outcomes based on responses):

• Course SLO1: Identify the basic economic principles that serve as the foundation of economic analysis
• Module SLO 1: Explain economic inequality and how the poverty line is determined
• Module SLO 9: Explain the distribution of income, and analyze the sources of income inequality in a market economy