3
AssignmentMultiple Select

Employment and Education

Question 3 • * HSA 26-27 Economics

Examine the list below. Which factors positively affect lifetime income? Check all that apply.

Answer
A
education
B
employee benefits
C
cost of living
D
salary
E
vocational training

Explanation

Education and vocational training can build skills that qualify a person for better-paying jobs. Salary directly adds to earnings, and employee benefits—such as health insurance or retirement contributions—add value to total compensation over a lifetime. Cost of living affects how much income buys, but it does not itself increase lifetime income.

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