Comparing 1970 Data with 2003 Data, the Census Bureau Identified

question 75

Multiple Choice

Comparing 1970 data with 2003 data, the Census Bureau identified a noticeable trend in the decline of married-couple households with their own children living with them. This type of household decreased from about 40 percent in 1970 to about __________ in 2003.

• A)3 percent
• B)13 percent
• C)23 percent
• D)33 percent

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Definitions:

Straight-Line Depreciation

A depreciation method where an asset's purchase cost is uniformly divided across its usable life, providing an equal expense charge each year.

After-Tax Discount Rate

The interest rate used to discount future cash flows to their present value after accounting for the effects of taxes.

Incremental Sales

The additional revenue generated from a specific business action or decision, such as running a marketing campaign or launching a new product.

Cash Operating Expenses

Expenses that a company incurs during its day-to-day operations that require cash outflow.