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What are norms? Describe the various types of norms.
Average Earnings
The mean income calculated by dividing the total income of a group by the number of individuals or instances in that group.
Life Expectancy
An average estimate of how long a person or organism is expected to live, based on factors such as genetics, lifestyle, and healthcare accessibility.
Trust Fund Bonds
Financial instruments issued by a trust to raise funds for investment purposes, backed by the assets managed within the trust.
Government Borrowing
The process by which a government raises funds through issuing debt instruments, such as bonds, to finance public spending beyond tax revenues.
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