Figure 20-2 Poverty Rates by Age

question 302

Multiple Choice

Figure 20-2
Poverty Rates by Age
-Refer to Figure 20-2.In 2001,the percent of adults between aged 18 and 64 in poverty is

• A) higher than both the percentage of children under age 18 and the percentage of elderly aged 65 and over in poverty.
• B) higher than the percentage of children under age 18 but is lower than the percentage of elderly aged 65 and over in poverty.
• C) is lower than both the percentage of children under age 18 and the percentage of elderly aged 65 and over in poverty.
• D) is lower than the percentage of children under age 18 and is equal to the percentage of elderly aged 65 and over in poverty.

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Definitions:

Transaction Costs

Transaction costs are expenses incurred when buying or selling goods or services, including the costs of searching for information, negotiations, and enforcement of contracts.

Spread

The difference between two values, such as the bid and ask prices in financial markets, or the range in statistical data.

Market Maker

An entity that buys and sells securities from their own inventory, facilitating trading and liquidity in the market.

Transactions

The act of conducting business or commercial dealings, such as buying, selling, or exchanging goods, services, or financial instruments.