In the United States, the Poverty Rate for the Elderly

question 28

Multiple Choice

In the United States, the poverty rate for the elderly, compared to that of children under age eighteen, is

• A) three times that of children.
• B) twice that of children.
• C) the same as children.
• D) lower than children.

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Definitions:

Annual Interest Rate

The percentage increase in money owed or invested over a year, accounting for the cost of borrowing or the gain on savings.

Compounded

In finance, refers to a method where interest earned is added to the principal, so that, from that moment on, the interest that has been added also earns interest.

Exponential Rate

The rate at which something grows or decays, characterized by a constant ratio over equal increments of time.