The correct answer is: "all money earned in the course of a year".
Income is a flow variable, which means that it can be measured over a period of time, which in this case is typically measured for a year.
Income is an economic term which is defined as the set of all remunerations earned by an individual from any factor of production (land, labor, capital) sold in the factor markets. The types of income are: rent (remuneration for land), interest (remuneration for capital) and wage (remuneration for labor).
Answer:
intangability
Explanation:
The intagability aspect of this purchase would be the education and the actual learning received. While Sally can observe the building and classrooms, she cannot see the process of learning.
Answer:
In spite of its apparent lack of success in the War of 1812, America did benefit in several ways.
First, America gained the respect of foreign nations by proving to the world that it could take a stand against England, the acknowledged ruler of the seas.
Second, when imported manufactured goods were no longer available because of the British blockade of American ships, American industry was forced to produce its own products.
Third, Americans were proud of their efforts during the war, and a new spirit of nationalism was created.
Fourth, America was now ready to expand westward because Indian hostilities had, for the time being, been successfully crushed.
Explanation:
Hope this helps.
Answer:
The Government raised money by selling "Liberty Bonds." Americans bought the bonds to help the Government pay for the war. Later, they were paid back the value of their bonds plus interest. By the end of the war, the Government's debt was more than $25 billion.
Explanation:
A lot of stress over a period of time
