A poverty threshold represents the minimum annual household income for a family

Question

A poverty threshold represents the minimum annual household income for a family not to be considered poor. In 1995, the poverty threshold for a family of four with two children under the age of 18 years was $15,482. In 2005, the poverty threshold for a family of four with two children under the age of 18 years was $19,169. 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 2000. The poverty threshold of a family of four with two children under the age of 18 in 2000 is $ .

Explanation / Answer

17325.5 $

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