In determining the poverty level, the Census Bureau counts cash ...

[clmills979]

In determining the poverty level, the Census Bureau counts cash transfers, but not in-kind transfers, thereby understating the actual amount of antipoverty transfers made.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Identify the incorrect statement about the U.S. federal deficit.
 a. The U.S. is now the world's leading creditor.
 b. The U.S. borrows huge sums from abroad.
 c. Some critics blame U.S. fiscal policy as reflected in the large federal deficits for the switch of the U.S. from creditor to debtor nation.
  d. Japan and China are big buyers of U.S. Treasury securities.
 e. The federal budget, on an average, had a deficit of 3.0 percent relative to GDP.

[allisonblackmore]

Answer to Question 1

True

Answer to Question 2

a

[clmills979]

Thank you

[allisonblackmore]

Happy to help you