Suppose That the Poverty Rate Had Been Set at $21,000

question 132

Multiple Choice

Suppose that the poverty rate had been set at $21,000 in 2008.Estimate what the poverty rate would have been in that year.

• A)7%
• B)13%
• C)20%
• D)25%
• E)35%

---

Definitions:

Gasoline Market

The supply, demand, and trading of gasoline as a commodity, including its production and distribution.

Equilibrium

An equilibrium where demand from the market matches its supply, stabilizing prices as a consequence.

Substitute

A product or service that can be used in place of another to satisfy the same needs or desires.

Margarine

A spread used for flavoring, baking, and cooking, made primarily from vegetable oils as an alternative to butter.