Figure 20-2 Number of Poor

question 326

Multiple Choice

Figure 20-2
Number of Poor

-Refer to Figure 20-2.Between 1959 and 2001 the poverty rate has

• A) increased overall.
• B) decreased overall.
• C) stayed the same overall.
• D) moved in the opposite direction of the number of people in poverty.

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Definitions:

Government Agencies

Public sector entities that are established to perform specific functions or services on behalf of a government.

Condensed Income Statements

Condensed Income Statements summarize the revenue, expenses, and net income of a company, providing a simplified overview of its financial performance over a specified period.

Merchandising Companies

Businesses that purchase goods in finished form and resell them to consumers without further processing.

Purchases Discount

A reduction in price given by a seller to a buyer for paying an invoice within a specified time frame.