If One Includes In-Kind Income in the Calculation, the

question 41

Multiple Choice

If one includes in-kind income in the calculation, the

• A)official poverty rate becomes meaningless.
• B)incidence of poverty actually increases.
• C)poverty rate is unchanged.
• D)fraction of the population in poverty drops.

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Definitions:

Issued Bonds

Debt securities that a company or government has sold to investors to raise capital.

Premium on Bonds Payable

The excess amount over the face value that investors pay when they purchase a bond, representing an additional cost to the issuer.

Semiannual Interest

Interest payments made twice a year on a loan or investment.

Face Values

The nominal value or original amount stated on a financial instrument, such as a bond or a stock certificate.