________ Is the Level of Necessaries, Comforts, and Luxuries That

question 17

Multiple Choice

________ is the level of necessaries, comforts, and luxuries that a person is accustomed to enjoying.

• A) Economic development
• B) HDI (human development index)
• C) GDP (gross domestic product)
• D) Capital accumulation
• E) Standard of living

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Definitions:

Payments

The transfer of money, or its equivalent, from one party to another as a fulfillment of an obligation or for the purchase of goods or services.

Yearly

Relating to or happening every year; annual.

Borrow

The act of receiving something with the intention of returning it or its equivalent to the owner at a later date.

Preferred Stock

Preferred stock is a type of equity that typically gives its holders preference over common stockholders in terms of dividends and claims on assets in the event of liquidation, but usually does not carry voting rights.