With a Rate of 8

question 24

Multiple Choice

With a rate of 8.8 percent in 2010,which state has the lowest poverty level in the nation?

• A)California
• B)Wisconsin
• C)New Hampshire
• D)South Dakota

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Definitions:

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.

Capital Scarcity

A situation where there is a limited availability of capital resources (such as funds or equipment) relative to demand, often leading to increased costs or lower growth.

Incentive

A factor, often a monetary reward or advantage, that motivates individuals or entities to act in a certain way.

Productively

Refers to producing goods or services in a way that makes the best use of resources like time, materials, and labor.