graphs. 24. in 2005, what were the approximat...

graphs. 24. in 2005, what were the approximate interest rate and approximate total mortgage debt outstanding for a conventional mortgage? o a. 8 percent and $13,000 billion o b. 4 percent and $11,000 billion o c. 6 percent and $12,000 billion o d. 6 percent and $9,000 billion 25. based on the graphs, how do mortgage interest rates and total mortgage debt outstanding compare? o a. interest rates rise in direct proportion decreases in total mortgage debt outstanding. o b. the higher the interest rate, the lower the total mortgage debt outstanding. o c. the lower the interest rate, the higher the total mortgage debt outstanding. o d. as interest rates rise and then fall, the total mortgage debt will move similarly but not at the same rate. 26. a culture hearth refers to the center of a culture - the source of its ideas, values, customs, fashions, and practices. an example of an ancient culture hearth was the area along the nile river in egypt. the agricultural, economic, social, artistic, and religious ideas and practices that grew up there spread through trade to other areas of the ancient world. which of the following is an example of a modern culture hearth with worldwide influence? o a. pyongyang, capital of north korea, which has a 95 percent literacy rate o b. ottawa, capital of canada, with a population of about one million o c. new zealand, which exports wool and textiles o d. hollywood, california, which produces movies and television shows enjoyed around the world. answers and explanations for social studi

Answer

### 24. # Explanation: ## Step1: Locate 2005 on interest - rate graph On the "Interest Rates for Conventional Mortgages" graph, in 2005, the interest rate is approximately 6 percent. ## Step2: Locate 2005 on debt - outstanding graph On the "U.S. Mortgage Debt Outstanding" graph, in 2005, the total mortgage debt outstanding is approximately $12,000 billion. # Answer: C. 6 percent and $12,000 billion ### 25. # Brief Explanations: By observing the two graphs, when interest rates are low, more people are likely to take out mortgages, increasing the total mortgage debt outstanding. When interest rates are high, fewer people take out mortgages, decreasing the total mortgage debt outstanding. # Answer: C. The lower the interest rate, the higher the total mortgage debt outstanding. ### 26. # Brief Explanations: Hollywood is a center for the production of movies and television shows, which spread American culture, values, and entertainment - related ideas worldwide. It is a modern culture hearth with global influence. # Answer: D. Hollywood, California, which produces movies and television shows enjoyed around the world