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Discouraged workers who are over 16 years old are i. not counted as unemployed.
Ii. part of the working-age population.
Iii. part of the labor force.
Shelter
A structure that provides cover or protection from weather, danger, or discomfort, often used as a term for housing or living spaces.
Budget Line
A graphical representation of all possible combinations of two goods that an individual can purchase with a given income, considering the prices of the goods.
Decrease In Income
Refers to a situation where an individual or household earns less money over a period, impacting their ability to purchase goods and services.
Horizontal Axis
In a graph or chart, the x-axis, which typically represents the independent variable or scale of measurement.
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