Which of the Following Statements About Volunteering in Late Adulthood

question 59

Multiple Choice

Which of the following statements about volunteering in late adulthood is true?

• A) Only about 10 percent of 60- to 70-year-olds in industrialized nations report volunteering.
• B) Older adults with less education and lower incomes are the most likely to volunteer.
• C) Of older adults who volunteer, over half give 200 or more hours per year.
• D) Time spent volunteering usually begins to decline by age 60.

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Definitions:

Average Rate of Return

A financial ratio that calculates the return, or profit, of an investment over a certain period as a percentage of the initial cost of the investment.

Economic Conditions

The state of a country's economy at a given time, influenced by factors such as GDP, unemployment rates, and inflation.

Liquidity

A company’s ability to convert assets into cash.

Straight-Line Depreciation

A method of calculating the depreciation of an asset which spreads the cost evenly over its estimated useful life.