Which of the Following Is True About Poor Populations

question 2

Multiple Choice

Which of the following is true about poor populations?

• A)There are fewer poor whites than poor blacks.
• B)The poor are disproportionately white.
• C)The poor are more likely to be children than the elderly.
• D)The poor are more likely to have graduated from high school.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Fixed Expenses

Costs that do not change in total regardless of changes in the level of business activity or volume.

Annual Cash Inflow

The total amount of money being received into a business from all sources over the course of a year.

Depreciation

The process of allocating to expense the cost of a plant asset over its useful (service) life in a rational and systematic manner.