There Is a Close Relationship Between Income and Wealth

question 14

True/False

There is a close relationship between income and wealth.

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Definitions:

Independent Variable

The variable causing a change in some other (dependent) variable.

Unemployment Rate

The percentage of the labor force unemployed at any time.

Production Possibilities

Describes combinations of output that a society can produce using all available resources and technology efficiently.

Gift Card

A prepaid stored-value money card, issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related group of stores.