ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 18, Problem 3.7P
To determine
The poverty among the U.S. population that is less than 18 years old is as it was in the 1970s while poverty among the elderly population has decreased from 1959 and 1974 and has continued to decline further. State the reason for the difference between the two age groups.
Concept Introduction:
Poverty rate - The rate at which the poverty increases or decreases from the given value of analysis.
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