What Is the Poverty Rate

question 46

Multiple Choice

What is the poverty rate?

• A)the rate at which the number of people relative to the size of the population fall below the poverty line
• B)the percentage of the population earning an annual income below the poverty line, according to the federal government's definition
• C)the percentage of working adults whose annual income is sufficiently low as to be are exempt from paying income taxes
• D)the percentage of households who qualify for government assistance to meet the minimal requirement for adequate nutrition

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Definitions:

Economic Factors

These are variables and conditions that affect the economic performance of markets and businesses, such as inflation rates, unemployment levels, and interest rates.

Voting Stock

Shares that grant the holder the right to vote on company matters, such as the election of the board of directors.

Book Value

An accounting term denoting the portion of the company held by the shareholders at accounting value, not market value.

Fair Value

A financial standard used to determine the fair market price of an asset or liability for transactional or reporting purposes based on current market conditions.