Figure 25-1 -Refer to Figure 25-1.In What Way Is the Figure Relevant

question 59

Essay

Figure 25-1
-Refer to Figure 25-1.In what way is the figure relevant to the catch-up effect?

---

Definitions:

Disposable Income

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

Gross Monthly Income

The gross amount of earnings received in a month prior to any deductions or taxes being subtracted.

Living Expenses

costs associated with day-to-day life, such as housing, food, and transportation.

Percent Rate

The percentage that indicates the rate at which a certain value, such as interest, increases or decreases.