Answer:
Disposable income is the money that is available to invest, save, or spend on necessities and nonessential items after deducting income taxes.
Discretionary income is what a household or individual has to invest, save, or spend after necessities are paid.
Examples of necessities include the cost of housing, food, clothing, utilities, and transportation.
The U.S. Department of Education uses your discretionary income to calculate payments for income-based repayment plans.
Explanation:
Answer:
Productive resources.
Explanation:
A productive resource can be defined as any combination of items or raw materials that can be used by a manufacturer to create or produce essential and valuable goods and services that meets the needs or requirements of the consumers.
This ultimately implies that, when a manufacturer produces valuable (finished) goods and services, they supply these finished goods to the market where various customers (households) can buy them at a specified amount of money.
Hence, in productive resources markets households give money payments to businesses in exchange for goods and services.
The error in Dinesh's confusion over correlation versus causation about his observed correlation between a gym membership and being overweight is based on <u>backward causation</u>.
<h3>What is backward causation?</h3>
Backward causation is a phenomenon that refers to a situation when an effect is regarded as the cause of an event.
For instance, Dinesh should have recognized that many more overweight people would like to have a gym membership than otherwise.
The implication is that Dinesh should not have concluded falsely that gym memberships make people gain weight.
Thus, the error in Dinesh's confusion over correlation versus causation is referred to as <u>backward causation</u>.
Learn more about backward causation at brainly.com/question/10548665
#SPJ1
They believed that god promised them this land
