In Determining the Number of Persons Who Are Poor in the U.S.when

question 106

Multiple Choice

In determining the number of persons who are poor in the U.S.when calculating family income

• A)only earnings are counted.
• B)only earnings are counted,while cash transfers from the government are excluded.
• C)money income,including cash transfers received from the government,is counted.
• D)both earnings and the value of medical services,food stamps,and housing received are counted.

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Definitions:

Bond Issue

The process by which an issuer creates a financial security (bond) that can be purchased by investors, representing a loan made by the investor to the issuer.

Interest Payable

This refers to the amount of interest expense that a company owes to its creditors, which has been incurred but not yet paid.

Calendar Year

An accounting period that extends from January 1 to December 31.

Annual Interest Accrual

The amount of interest that accumulates on a financial obligation over the course of a year.