Regardless of the Definition of Income Used, There Was ______

question 7

Multiple Choice

Regardless of the definition of income used, there was ______ in extreme poverty in the United States at the turn of the 21st century.

• A) an increase
• B) a decrease
• C) no change
• D) a small decrease

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Definitions:

Investment Obstacles

Challenges or barriers that hinder the allocation of capital into projects or opportunities, potentially restricting economic growth and productivity.

Developing Nations

Refers to countries that are in the process of industrialization and have lower levels of economic prosperity, compared to developed nations.

Public Infrastructure

Physical and organizational facilities and structures needed for the operation of a society or enterprise, such as roads, bridges, and water supply.

Private Investment

The expenditure by private (non-government) firms on capital goods, such as equipment, buildings, and inventory investments.