The Typical American Household Consists of a Couple with Two

question 257

True/False

The typical American household consists of a couple with two children living at home.

---

Definitions:

Great Recession

The Great Recession was a severe global economic downturn that took place from late 2007 through mid-2009, marked by significant declines in asset prices and failures of major financial institutions.

Unemployment

The situation in which individuals who are capable of working and actively seeking work are unable to find employment.

Budget Deficits

Occurs when a government spends more money than it receives in revenue over a specified period, leading to an accumulation of debt.

National Debt

The total amount of money that a country's government has borrowed, typically as a result of budget deficits over years.