If the Poverty Line in 2017 for a Family of Four

question 48

Multiple Choice

If the poverty line in 2017 for a family of four was $24,600, which of the following is correct?

• A) The cost of a minimal diet for a family of four was $4,100.
• B) The cost of a minimal diet for a family of four was $6.150.
• C) Unemployment benefits covered the first $24,600 of lost income.
• D) Social security payments for the year totaled a minimum of $24,600 for a family of four.

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Definitions:

Manufacturing Capacity

The maximum amount of products a factory or production facility can produce within a given time period.

Inventory Costs

Expenses associated with holding and managing goods or materials until they are sold or used in production.

Predictable Variability

Variations in demand, supply, or processes that can be anticipated and planned for based on historical data or trends.

Profitability

The financial metric used to assess the ability of a business to generate earnings compared to its expenses and other relevant costs.