Which of the Following Is True About Ethnic Groups and Median

question 34

Multiple Choice

Which of the following is true about ethnic groups and median income since 1975?

• A) White income has declined, while Hispanic and African-American income has increased.
• B) Whites, Hispanics, and African-Americans have seen income rise.
• C) White and Hispanic incomes have fallen while African-American income has risen.
• D) African-American income has risen while White income has not.

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Definitions:

Present Value

The contemporary valuation of a future money sum or cash flow series, based on a defined rate of interest.

Quarterly Withdrawal

The act of removing funds from an account or investment four times a year, typically every three months.

Present Values

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to address the time value of money.

Annuities

An investment product sold by financial institutions that pays out a fixed stream of payments to the individual, and is often used as an income stream for retirees.