Data show that the poorest U.S. demographic group is

a. the elderly because Social Security payments have not kept pace with inflation
b. the elderly because they have no steady income
c. the elderly because poverty increases with age
d. households headed by someone under 18 years of age
e. households headed by someone between 40 and 50 years old

D

Economics

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The traditional Keynesian approach to fiscal policy assumes that

A) an equal income distribution ensures a stable economy. B) consumers spend more when their incomes are higher. C) cutting taxes is a more effective way to stimulate the economy than is increasing government spending. D) the effect of unemployment compensation is to destabilize the economy.

Economics

Consider leaf burning that generates negative externalities. The private cost is

a. less than the external cost b. greater than social benefit c. understated by the amount of the social cost d. less than the social cost e. shared with third parties

Economics