By the Middle of the Twenty-First Century, It Is Projected

question 8

Multiple Choice

By the middle of the twenty-first century, it is projected that Hispanics will make up ________ of the U.S. population.

• A) 30 percent
• B) 50 percent
• C) 25 percent
• D) 15 percent

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Definitions:

Price Paid

Price paid refers to the actual amount of money exchanged for the acquisition of a good or service.

Tax

Tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive.

Tax

A required financial contribution or alternative type of tax enforced on a taxpayer by a governing body to support government expenditure and assorted public outlays.