What Percent of People Age 65 and Older in the United

question 23

Multiple Choice

What percent of people age 65 and older in the United States are financially dependant on relatives?

• A)50%
• B)75%
• C)45%
• D)33%

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Definitions:

Firm

A business organization, such as a corporation or partnership, engaged in commercial, industrial, or professional activities.

Accounting Profits

The net income for a company calculated by subtracting total expenses from total revenues, according to standard accounting practices.

Economic Profits

The gap between a company's overall income and its combined explicit and implicit expenses.

Sales

Transactions involving the exchange of goods or services for money.