A Primary Source Is a First Hand Account of an Experience

question 12

True/False

A primary source is a first hand account of an experience or a phenomenon by a person who has had the experience or experienced the phenomenon.

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Definitions:

Discretionary Income

The amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities (like food and shelter) have been paid.

Disposable Income

The amount of money an individual or household has to spend or save after taxes have been deducted.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Gross Domestic Product

The complete value, in monetary or market terms, of all final goods and services made within the confines of a nation during a particular time frame.