Poverty Threshold Poverty thresholds are determined by the U.S. Census Bureau. A poverty

Chapter 2, Problem 67

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Poverty Threshold Poverty thresholds are determined by the U.S. Census Bureau. A poverty threshold represents the minimum annual household income for a family not to be considered poor. In 1998, the poverty threshold for a family of four with two children under the age of 18 years was $16,530. In 2008, the poverty threshold for a family of four with two children under the age of 18 years was $21,834. Assuming poverty thresholds increase in a straight-line fashion, use the midpoint formula to estimate the poverty threshold of a family of four with two children under the age of 18 in 2003. How does your result compare to the actual poverty threshold in 2003 of $18,660? Source: U.S. Census Bureau

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