Which of the Following Is Correct for People Ages 20

question 247

Multiple Choice

Which of the following is correct for people ages 20 and over?

• A) Blacks have higher rates of labor-force participation and lower rates of unemployment compared to whites.
• B) Blacks have higher rates of labor-force participation and higher rates of unemployment compared to whites.
• C) Blacks have similar rates of labor-force participation and lower rates of unemployment compared to whites.
• D) Blacks have similar rates of labor-force participation and higher rates of unemployment compared to whites.

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Definitions:

Disposable Income

Funds available for saving or spending once taxes and contributions to social security are deducted.

Disposable Income

Resources available to households for financial management in spending and saving after income tax deductions.

Consumption

The use of goods and services by households or the amount spent on them.

GDP

The total worth of goods and services generated inside the confines of a country during a set period, known as Gross Domestic Product, acts as a wide-ranging gauge of the country's economic health.