Asked by Julie Martinat on May 05, 2024
Verified
What percentage of Canadians owe more than they own?
A) 10 percent
B) 20 percent
C) 30 percent
D) 40 percent
Canadians
Citizens of Canada or individuals residing in Canada, characterized by a diverse range of cultural backgrounds and identities.
Owe
The obligation to pay back a debt or return a favor to someone who has provided a loan, service, or benefit.
- Identify the elements that lead to disparities in income and wealth.
Verified Answer
ER
Elodie RimmerMay 08, 2024
Final Answer :
B
Explanation :
20 percent of Canadians owe more than they own, indicating they have a negative net worth.
Learning Objectives
- Identify the elements that lead to disparities in income and wealth.
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