Answer the following statements true (T) or false (F)

Question

1. When the Supplemental Poverty Measure (SPM), an experimental income-based method that takes into account more factors than does the official poverty level calculation, is used the poverty rate for older adults is higher.
2. A more accurate picture of poverty rates results from looking at rates for specific ethnic and racial groups.
3. Poverty rates among children in the United States are higher than those of every industrialized country in the world.
4. Rising rates of poverty among children are due mainly to government entitlement programs.
5. According to the “generational accounting” method of analyzing generational equity, the lifetime tax rate of baby boomers is about one-third higher than that of their parents.

Answer 1

1. True
2. True
3. True
4. False
5. True