Refer to Exhibit 7-3.Consumption Is Equal to

question 27

Multiple Choice

Refer to Exhibit 7-3.Consumption is equal to

• A) $3,700.
• B) $9,000.
• C) $10,150.
• D) $8,200.
• E) $9,700.

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Definitions:

Basic Necessities

Fundamental requirements for human survival and well-being, such as food, water, shelter, and clothing.

Minimum Wage

The lowest legal salary that employers can pay their workers, often set by government law.

Extra Shifts

Additional work periods taken on by an employee beyond their normal working hours, often to meet increased demand or to earn more income.

Culture-Of-Poverty Explanation

A theory suggesting that poverty creates certain cultural attitudes, behaviors, and values which perpetuate the condition of being poor across generations.