Figure 20-3 -Refer to Figure 20-3. Which of the Following Best Describes

question 339

Multiple Choice

Figure 20-3
-Refer to Figure 20-3. Which of the following best describes the poverty rates by age from 1965 to 2011?

• A)The poverty rates by age have declined for all age groups.
• B)The percentage of people living in poverty has consistently been highest for the elderly aged 65 and over and lowest for adults aged 18 to 64.
• C)The percentage of children under age 18 and the percentage of adults aged 18 to 64 have maintained a similar trend while the percentage of elderly aged 65 and over has decreased significantly.
• D)The poverty rates by age have increased for all age groups.

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Definitions:

Interest Rates

The cost of borrowing money or the reward for saving money, expressed as a percentage of the amount borrowed or saved.

Corporate Profits

The earnings of corporations after expenses and taxes have been deducted.

Stock Prices

The monetary value assigned to a company's ownership shares, as determined by market supply and demand.

Positive Prices

Prices that are above zero, indicating that a commodity has value and is being traded in a market.