Which of the Following Statements Is Correct Regarding Poverty and Children

question 72

Multiple Choice

Which of the following statements is correct regarding poverty and children?

• A)In the United States,the African American population has the highest percentage of children living in poverty.
• B)In the United States,the Latino population has the highest percentage of children living in poverty.
• C)Poverty affects children's self-esteem,but it does not seem to affect their peer relations or conduct.
• D)Poverty rates are highest in single-father households,regardless of ethnicity.

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Definitions:

Long Run

An economic term for a timeframe in which all factors of production and costs are variable, allowing for full adjustment to changes.

Nominal Growth Rate

The rate at which an economy or financial metric grows over time, including inflation, without adjusting for the latter.

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time, reflecting the purchasing power of currency.

Government Deficit

Government Deficit occurs when a government's expenditures exceed its revenues within a specific fiscal period, leading to borrowing or using saved reserves.