Asked by shanti manokaran on May 12, 2024
Verified
Statement I: No American has a fortune of over $10 billion.
Statement II: The poverty rate declined steadily between 1993 and 2000.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Fortune
A large amount of wealth or prosperity, often used to describe the extensive assets of an individual or entity.
Poverty Rate
The percentage of the population that lives below the national poverty line, indicating the proportion of individuals living in poverty.
Billion
A numerical value represented as 1,000 million in the American short scale, commonly used to denote a significant quantity in financial and demographic contexts.
- Learn about the population details and statistical evidence of poverty in the United States.
Verified Answer
NB
Nurshazwana bt mohamad rajnikaniMay 16, 2024
Final Answer :
B
Explanation :
Statement I is false because there are several Americans with fortunes well over $10 billion, including individuals like Jeff Bezos, Elon Musk, and Bill Gates. Statement II is true as the poverty rate in the United States did decline steadily between 1993 and 2000, partly due to economic growth and policies aimed at reducing poverty.
Learning Objectives
- Learn about the population details and statistical evidence of poverty in the United States.