The federal government employs an absolute rather than a relative measure to det

Question

The federal government employs an absolute rather than a relative measure to determine poverty.
True
False



In 2004, the top 5 percent of households earned approximately
a. 5 percent of aggregate income
b. 10 percent of aggregate income
c. 15 percent of aggregate income
d. 50 percent of aggregate income



The poverty rate for blacks is almost three times that for whites.
True
False


Poverty is a condition that randomly strikes all members of the population equally.
True
False



Because their earnings are highest, married couples between the ages of 35-54 hold the largest share of wealth in the United States.
True
False

Explanation / Answer

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