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Chapter 18: Problem 38

Which statement is the most accurate? (LO4) a) Our poverty rate is somewhat higher today than it was in \(1999 .\) b) Our poverty rate is over 17 percent. c) If it were not for the 2007-09 recession, our poverty rate would probably be below 10 percent. d) Our poverty rate is currently at an all-time low.

Short Answer

Expert verified
Statement a) "Our poverty rate is somewhat higher today than it was in 1999" appears to be the most accurate statement based on the analysis, though without specific data, we cannot make definitive claims about the current poverty rate.

Step by step solution

01

Evaluate Statement a)

Statement a claims that the poverty rate is somewhat higher today than it was in 1999. Without specific data, we can't make a certain conclusion, but it is possible that the poverty rate has increased since 1999 due to various factors such as recessions, changes in income distribution, and other socioeconomic factors. This statement seems plausible but we need to evaluate the other statements as well.
02

Evaluate Statement b)

Statement b claims that the poverty rate is over 17 percent. It is difficult to assess the accuracy of this statement without specific data, but a poverty rate of 17 percent seems relatively high in comparison to historical averages. There is no clear reason to believe that the poverty rate is specifically over 17 percent, so the accuracy of this statement is uncertain.
03

Evaluate Statement c)

Statement c claims that if it were not for the 2007-09 recession, the poverty rate would probably be below 10 percent. It is true that the 2007-09 recession had a significant impact on the global economy and likely increased poverty rates, but it is difficult to say with certainty what the poverty rate would be without this event. While the recession might be one contributing factor, many other variables could also influence the poverty rate. The accuracy of this statement is uncertain.
04

Evaluate Statement d)

Statement d claims that the poverty rate is currently at an all-time low. This statement is likely inaccurate as poverty rates tend to fluctuate over time based on various economic and societal factors. Although it is possible that the poverty rate might have decreased in recent years, it is unlikely that the current rate is an all-time low. Based on this analysis, statement a) "Our poverty rate is somewhat higher today than it was in 1999" seems to be the most accurate statement, although it is important to note that without specific data, we can't make definitive claims about the current poverty rate.

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Most popular questions from this chapter

Which statement is the most accurate? (LO6) a) Because of the efforts of the Veterans Administration, only a handful of veterans are homeless. b) Most military families have to get by on food stamps and help from food pantries and soup kitchens. c) Military pay is high enough to keep virtually all military families well above the official poverty line. d) Although nearly all of our leading politicians wear American flag lapel pins, they do not provide enough economic support to our troops, so many military families are in severe financial difficulty.

More than one out of every __________ children lives in poverty. (LO5) a) two c) five b) three d) nine

Which statement is the most accurate? (LO5) a) The standard of living of poor American children is very low compared to that of middle-class American children. b) Poor children in the United States are much worse off than poor children in virtually all other OECD countries. c) Poor children in the United States are much better off than poor children in virtually all other \(\mathrm{OECD}\) countries. d) There is no way to compare the degree of child poverty in the United States with the degree of child poverty in other economically advanced countries.

The largest government program aimed exclusively at helping the poor is __________.(LO6) a) the Earned Income Tax Credit b) public assistance c) food stamps d) Social Security

Which statement is true? (LO6, 10) a) Most of the nation's poor receive welfare benefits. b) Since the Welfare Reform Act of 1996 , no new welfare cases have been accepted. c) More people than ever are receiving welfare benefits. d) Most single mothers who have recently left the welfare rolls remain poor.
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