How Did the Farm Population in the United States Change

question 27

Multiple Choice

How did the farm population in the United States change between 1950 and today?

• A)It dropped from 10 million to fewer than 3 million people.
• B)It dropped from 20 million to fewer than 5 million people.
• C)It dropped from 30 million to just over 6 million people.
• D)It increased from 10 million to almost 13 million people.

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Definitions:

Variable Cost Data

Information related to costs that vary directly with the level of output or production volume.

Activity Index

A measure used to track the level of activity or engagement in a particular context, often used in business or economics to gauge performance or interest.

Budget Difference

The variance between the budgeted amount and the actual amount spent or received in a given period.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels.