Answer:
The extent to which a country has developed may be assessed by considering a range of narrow and broad indicators, including per capita income, life expectancy, education, and the extent of poverty.
Explanation:
thats
indicators of development
Primary bear market is the way the past three months of the stock market classified. As After a significant economic recession, prices and investing activity in the stock market began trending consistently upward six years ago.
<h3>What is primary bear market?</h3>
Primary bear market refers when the price in market starts decline, and it declines more than 20%, it is accomplished by the negative investors and Bear markets can be either cyclical or long-term in nature. It takes more than 8 months.
This question has options that are given below
a. Primary bear market
b. Secular bull market
c. Primary bull market
d. Secular bear market
Thus, option A is correct.
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During a recession, median income falls by 15%. If the demand for grapes falls by 12%, grapes are a normal good with an income elasticity of demand of 0.8.
To find the income elasticity of demand follow this equation:
income elasticity of demand = change in demand/change of income
income elasticity of demand = 0.12/0.15 = 0.8
Grapes are a normal good because the income elasticity of demand is greater than zero.
Answer: False
Explanation: Because it's best for you to do your small goals first and then go big.
In the federal budget, national parks and federal prisons are examples of mandatory spending.
<h3>What is meant by mandatory spending?</h3>
All spending that does not occur through appropriations legislation is referred to as mandatory spending. Spending that is necessary includes payments for entitlement programs like Social Security and Medicare as well as required interest payments on the nation's debt. About two-thirds of all federal spending is accounted for through mandatory spending.
Major budgetary trends are significantly influenced by mandatory spending. As more people become eligible for required programs like unemployment insurance and income security programs during economic downturns, government revenues decline and spending rises, leading to an increase in deficits or a decrease in surpluses.
Spending on entitlement programs and a few other payments to individuals, companies, and state and local governments are examples of mandatory or direct spending. Ordinarily, mandatory spending is not determined by annual appropriation acts but rather by statutory requirements.
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