Susan won $2,000 at the blackjack tables on her birthday. Her winnings are an example of

Question

Quizplus · Accepted Answer

Susan's winnings represent a one-time, unpredictable source of income, making them an example of transitory income. Permanent income refers to a stable, ongoing source of income, while life-cycle income refers to the pattern of earning and saving over an individual's lifetime. In-kind transfers involve receiving goods or services instead of cash.

Susan Won $2,000 at the Blackjack Tables on Her Birthday