When Glen Elder Conducted Life History Interviews with Individuals Who

question 26

Multiple Choice

When Glen Elder conducted life history interviews with individuals who grew up during the Great Depression,his goal was to

• A)preserve individual life stories.
• B)pretest questions that could be used in a longitudinal quantitative study.
• C)understand the effects of economic adversity.
• D)establish trust so people would agree to join a focus group.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flow given a specified rate of return.

Compound Interest

The addition of interest to the principal sum of a loan or deposit, where interest also earns interest from that moment on.

Earnings Rate

The return on an investment or the rate at which a company or asset generates income, typically expressed as a percentage.

Rate of Return

The profit or loss of an investment over a specified period, expressed as a percentage of the investment’s initial cost.