All of the Following Statements Regarding Poverty in America Between

question 129

Multiple Choice

All of the following statements regarding poverty in America between 1950 and 1960 are true EXCEPT that

• A) more than 30 million Americans lived in poverty at any given time during the year 1960.
• B) the percentage of the population living in poverty rose during the decade.
• C) Native Americans were the single poorest group in the country.
• D) most of the poor experienced poverty only temporarily.
• E) many rural Americans lived on the margins of the affluent society.

---

Definitions:

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners, including all revenues, gains, expenses, and losses.

Dividends Per Share

The total amount of dividends declared by a company for each share of its stock, indicating the income investors receive from holding shares in the company.

Financial Leverage

The use of borrowed funds to increase one's investment potential, which can magnify both gains and losses.