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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8-Epilogue.

Multiple Choice Questions

1. In 2020, what was the tax burden for the poorest individuals with incomes at or below $9,875?
(a) 2 percent.
(b) 4 percent.
(c) 7 percent.
(d) 10 percent.

2. When did President Obama propose to do away with tax benefits to 529 college savings plans?
(a) 2010.
(b) 2015.
(c) 2013.
(d) 2016.

3. According to the Government Accountabilty Office, how many American workers relied on Medicaid for health insurance?
(a) 11 million.
(b) 13 million.
(c) About 15 million.
(d) Roughly 12 million.

4. When did John Kenneth Galbraith write his book, The Affluent Society?
(a) 1959.
(b) 1951.
(c) 1953.
(d) 1958.

5. What did most states allow restaurant and other service workers to be paid an hour in 2020?
(a) $1.84.
(b) $3.17.
(c) $2.13.
(d) $4.61.

Short Answer Questions

1. When did Congress establish the public housing system?

2. What percent of the GDP is the amount needed to end poverty in America?

3. What percent of the U.S. population was poor in 1970?

4. In 2022, how many young children lived in poverty or hovered at the edge of poverty?

5. In 2020, how much did Americans spend on their pets?

(see the answer key)

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