Which Is the Most Accurate Statement

question 245

Multiple Choice

Which is the most accurate statement?

• A)In the years after World War II,millions of blacks moved to the suburbs.
• B)No new homes were sold to black families in the Levittowns built in New York,New Jersey,Pennsylvania,and Maryland.
• C)Today most of the communities built by the Levitt family are overwhelmingly black.
• D)Although racial discrimination did take place in housing in the years immediately after World War II,by the early 1960s it was no longer taking place.

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Definitions:

Billion

A number equivalent to one thousand million (1,000,000,000) or, in some number systems, a million million (1,000,000,000,000).

Saving

The portion of income not spent on current consumption but set aside for future use, often in a deposit account or as an investment.

Disposable Income

The sum of funds a family can use for expenditures and savings once income taxes are deducted.

APC

Average Propensity to Consume (APC) is a measure of the fraction of income spent on consumption rather than saving in an economy.