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The Percentage of Elderly Below the Poverty Level in 2007

question 63

True/False

The percentage of elderly below the poverty level in 2007 was about one-third of what it was in 1970.

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Definitions:

Goods And Services

The output of an economy that is provided to consumers, including tangible products (goods) and intangible items (services).

Entrepreneurial Ability

The skill or talent that an entrepreneur possesses to organize resources effectively, take risks, innovate, and create economic value.

Urbanization

The process through which cities grow, and higher percentages of the population come to live in urban areas.

Economic Growth

Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured as the rate of increase in real GDP.

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