Purchasing power is required in order for someone to spend money.
Purchasing power means that someone has the ability to purchase
something (a product or service). Having confidence is not enough to
allow you to purchase something. You can't walk into a store with no
money or goods to barter and walk out with the product or service. Less
disposable income is more likely to lead to less purchasing power. In
order to purchase something, you need to give up something in order to
get what you want, generally you give up money. If you don't have
something you can easily give up, like money, you have less disposable
income.
In the united states, spending on social security, medicare, and Medicaid was approximately 3% of the Gross domestic product in 1962 and is expected to be approximately 20% of the Gross domestic product in 2050.
The gross domestic product is a measure of the market value of all the completed products and services produced in a country within a specific time period.
Due to the measurement's complexity and subjectivity, it must be constantly revised before it can be considered a reliable indication.
In contrast to nominal GDP, which is better for comparing national economies on the international market, utilizing a base of Gross domestic product per capita at purchasing power parity (PPP) may be more beneficial for comparing living standards between nations.
However, variations in the cost of living and inflation rates across the nations are not reflected in the nominal gross domestic product (GDP) per capita.
The contribution of each industry or sector to the overall Gross domestic
Learn more about Gross domestic product here:
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Answer:
A
Explanation:
because you are electing for you own party
Answer: Social Clock
Explanation:
Social clock is the timetable that is issued by the society of culture for any certain event to take place at that proper and particular time.Events like marriage, job,study, retirement etc is set-up by social structure to be followed by people of society at certain age.
According to the question,Jessica is trying to keep up with her social clock as she is following personal timetable for reaching certain stages in life such as marriage,having kids etc. She will not be able to have kids at age of 35 as she had a breakup thus, she isn't able to work as per social clock.
