Which Statement Is a Misconception,or a False Belief,about Families in Poverty

question 28

Multiple Choice

Which statement is a misconception,or a false belief,about families in poverty?

• A)Children are more than twice as likely as senior citizens to live in poor families.
• B)Most low-income families have at least one family member who is employed.
• C)Low-income parents generally do not have a high school diploma.
• D)Children residing with married parents comprise 30% of children living in low-income families.

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Income

The financial gain or money received by an individual or entity, typically through wages, investments, or business operations.

Normal Goods

Goods for which demand increases as the income of the consumer increases.

Current Consumption

The portion of income or wealth that is spent on goods and services in the present, as opposed to saving for future expenditure.