In 2003,the Poverty Line for a Family of Four in the U.S.was

question 168

Multiple Choice

In 2003,the poverty line for a family of four in the U.S.was approximately

• A)$56,680.
• B)$24,400.
• C)$18,810.
• D)$12,603.

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Definitions:

Present Value

The present worth of a sum of money or series of cash flows anticipated in the future, calculated using a certain rate of return.

Consumption Plan

An outline of how individuals or households intend to allocate their income towards consumption goods and services over a period.

Interest Rate

The cost of borrowing money or the reward for saving it, typically expressed as a percentage of the principal amount per year.

Interest Rate

The cost of borrowing money or the return for lending money, typically expressed as a percentage.