In 2009, About What Share of the U

question 84

Multiple Choice

In 2009, about what share of the U.S. population was officially counted as poor?

• A) 1.6 percent
• B) 14.3 percent
• C) 32.6 percent
• D) 52.6 percent

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Definitions:

US GAAP

United States Generally Accepted Accounting Principles, which govern the preparation and reporting of financial statements in the U.S.

Prior Service Cost

Costs recognized when a pension plan is amended to increase benefits for employee service in prior periods, typically amortized over time.

Unrecognized Net Gain

A profit that has been realized but not yet recorded in the financial statements of a company.

Projected Benefit Obligation

The present value of estimated future pension benefits owed to employees, based on expected salary increases.