Which of the Following Groups Has the Highest Rate of Poverty

question 29

Multiple Choice

Which of the following groups has the highest rate of poverty?

• A) Children
• B) Teenagers
• C) Women
• D) Elderly

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Definitions:

Inflation Rate

The acceleration in the average cost levels for goods and services, hindering effective buying power.

Price Index

A statistical measure that examines the weighted average of prices of a basket of consumer goods and services over a period of time.

GDP Deflator

A measure of the price level of all domestically produced final goods and services in an economy, used to convert nominal GDP into real GDP.

CPI

By applying a weighted average methodology, the Consumer Price Index tracks the fluctuations in average prices for a comprehensive array of consumer goods and services, such as medical care, food, and transportation services.