Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Discussion Board - Lesson 05 = Welcome to the Discussion Boards. Please note that the Discussion Boards for this course might be formatted differently than
Discussion Board - Lesson 05 = Welcome to the Discussion Boards. Please note that the Discussion Boards for this course might be formatted differently than what you have seen in other courses. Respond to the following discussion prompt. Two main sources of income are regular income, such as from a full-time job, and side income, which is any money earned outside a regular job. Active income and passive income can provide enough money to replace a regular job. Discuss some of the effects of various income sources on the economy, both for individuals (microeconomics) and the population as a whole (macroeconomics). Select one of the prompts. In your response, explain your reasoning and be sure to discuss specific types of income. * Prompt 1 Individuals: What happens if someone with lots of side income loses their main job? What if someone without a lot of side income loses their main job? Population: What would happen if everyone built side income? How might that affect the economy on a larger scale? * Prompt 2 Individuals: Some people work multiple part-time jobs to make ends meet. Others have a large salary but work over 50 hours per week. Many people have physical or other challenges. With these considerations, who has the time and money to invest in building side income? Who might not? Are there other situations that make it harder or easier to build side income? o Population: Is side income a viable solution to poverty? Here is the discussion board rubric =
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started