The Primary Reason for the Lower Income Status of Many

question 139

Multiple Choice

The primary reason for the lower income status of many older African Americans can be traced to all the following factors EXCEPT:

• A)patterns of limited employment opportunities
• B)concentration in secondary-sector jobs
• C)concentration in jobs that have few benefits and not covered by Social Security prior to the 1950s
• D)concentration in primary-sector jobs

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Definitions:

Interest Payments

Regular payments made to lenders or bondholders as compensation for the use of borrowed funds, usually calculated as a percentage of the principal.

Nominal Rate

The stated interest rate of a financial product, not adjusted for inflation, which represents the rate before taking into account the compounding period.

Simple Interest

Interest calculated solely on the principal amount of a loan or deposit, over a particular time period.

Effective Annual Rates

The real return on an investment, taking into account the effect of compounding interest over multiple periods within a year.