Which of the Following Is Not True of Seniors

question 26

Multiple Choice

Which of the following is not true of seniors?

• A) They think of themselves as being younger than they actually are.
• B) They are highly engaged in the community with almost 45 percent volunteering to help in the community.
• C) They are largely dependent upon their children and the government for financial support.
• D) Many are still working and raising children.
• E) They tend to lead multidimensional lives.

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Definitions:

Recession

A temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Transfer Payments

Payments made by governments to individuals without any goods or services being received in return, such as welfare, social security, and unemployment benefits.

Federal Budget Deficit

The amount by which a government's expenditures exceed its tax revenues over a specific fiscal period, leading to borrowing or debt accumulation.

Economic Growth

Growth in the inflation-corrected value of goods and services that an economy outputs over time.