Poverty Rates Are Elevated for Latino Elderly Groups in the United

question 75

Multiple Choice

Poverty rates are elevated for Latino elderly groups in the United States.Even though this population only makes up six percent of the population,they account for______________percent of older Americans in poverty.

• A)25
• B)65
• C)7
• D)10

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Definitions:

Real Discount Rate

The rate used to discount future cash flows to their present value, adjusting for inflation.

Nominal Discount Rate

The rate of interest quoted or advertised on a loan or investment, not adjusted for inflation.

Inflation

The speed at which overall prices for goods and services increase, leading to a decline in purchasing power.

Nominal Interest Rates

The rate of interest before adjustment for inflation, representing the face value of borrowing costs or investment returns.