What Is One of the Problems with Using Official Poverty

question 52

Multiple Choice

What is one of the problems with using official poverty counts?

• A)The formula is based on food costs,which have declined relative to other expenses.
• B)They tend to underestimate the number of children who live in poverty.
• C)They tend to exaggerate the number of women who live in poverty.
• D)They tend to overestimate the amount of people in poverty.-

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Definitions:

Credit

An entry on the right side of a double-entry bookkeeping system that increases liabilities and equity or decreases an asset or expense.

Cash Received

The amount of money received by a company during a period from various sources including operations, investments, and financing.

Customer

An individual or entity that purchases goods or services from a business, essential for the revenue-generating activities of the company.

Revenue

The overall sum of revenue produced from selling goods or providing services tied to a business's core activities.