Review Questions

1.Which of these statements is true?.

a.The poverty rate in 2010 was 20%

b. The real median household income of black households fell from  2006 to 2015.

c. The real median household income of Asian households fell from 2006 to 2015.

d. Measured by income, the median American household is worse off in 2015 compared to 2014.

2. How much did the median household income of Hispanic households  rise from 2006 to 2015 (adjusted for inflation)?
3. Which of the following are reasons why household income might have risen in 2015?

a. One member of the household lost his or her job

b. One member of the household got a big raise.

c. One member of the household retired.

d. One member of the household who was unemployed in 2014 found a job.