Which of the Following Is

question 6

Multiple Choice

Which of the following is

• A)There is no poverty in America.
• B)Nearly 150 million people in America live in poverty.
• C)The poverty threshold for a family of four is $22,050.
• D)Poverty only affects adults with no children.
• E)Few who live in poverty are legal citizens.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining financial stability, and providing financial services.

Government Purchases

Expenditures by government entities for goods and services that are part of a country's gross domestic product.

Taxes

Obligatory fiscal dues or alternative forms of impositions placed on taxpayers by a governmental body to support government expenditures and multiple public costs.

Fiscal Policy

Government policies related to taxation and spending that are used to influence economic conditions.