Answer:
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.
Explanation:
Answer:
Gilberto buys a bottle of Italian wine. IMPORTS (M) REDUCES THE GDP
Juanita's father in Sweden orders a bottle of Vermont maple syrup from the producer's website. EXPORTS (X) INCREASES THE GDP
Juanita gets a new video camera made in the United States. CONSUMPTION (C) INCREASES THE GDP
The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. GOVERNMENT EXPENSES (G) INCREASES THE GDP
Gilberto's employer upgrades all of its computer systems using U.S.-made parts. INVESTMENT (I) INCREASES THE GDP
Answer: post-secondary education
employee benefits
salary
vocational training throughout career
Explanation:
A lifetime income is the income that individuals earn throughout their lifetime.
The factors that positively affect the lifetime income of an individual are the post-secondary education, salary, employee benefits and the vocational training throughout career.
High cost of living and early retirement negatively affect the lifetime income of an individual.
The answer is normal goods.
A normal good, often known as a necessary good, refers to the degree of demand for the good in relation to wage growth or contraction rather than the quality of the good itself.
The relationship between income and demand for a typical good is elastic. To put it another way, changes in income and demand are connected positively or move in the same direction.
The amount by which the quantity demanded for a good changes in response to a change in income is measured as income elasticity of demand. It is employed to comprehend alterations in consumption habits brought by variations in purchasing power.
The income elasticity of demand for a typical good is positive but less than one.
Therefore, Normal goods demand will be more at the point during economic growth. So, inferior goods are sold more at the time of recessions due to less income.
Hence, in the given scenario, where Many gourmet shops go out of business during recessions since they sell almost exclusively normal goods.
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