Jim, a Single Individual, Was Unemployed for a Few Months

question 47

Essay

Jim, a single individual, was unemployed for a few months during 2014. During the year, he received $3,600 in unemployment compensation payments. How much of his unemployment compensation payments must be included in gross income?

---

Definitions:

Biodiversity

Refers to the enormous variety of plant and animal species inhabiting Earth.

Evolution

Is the process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Technological Determinism

The theory that technology development drives societal change, with new technologies shaping economic, social, and cultural dynamics.

Nikolai Kondratiev

A Russian economist best known for proposing the theory of long economic cycles, or "Kondratiev waves," which suggest that capitalist economies experience long-term cycles of boom and bust.