Discuss How Fitbit and Apple's Health App Is an Example

question 22

Essay

Discuss how Fitbit and Apple's Health App is an example of using IoT.

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Definitions:

Governmental Assistance

Financial support or aid provided by the government to individuals, businesses, or other governmental entities.

Automatic Stabilization Policies

Economic policies and programs that automatically adjust government spending or taxes in response to economic changes, without the need for additional legislative action.

Aggregate Demand

The combined need for all commodities and services in an economy, quantified at a set price level and within a specific period.

Federal Budget Surplus

A situation where the government's income exceeds its spending, resulting in excess funds for a given fiscal period.