This assignment is related to order id 101070. Writer need to look at 101070 assignment so no repetitive line comes on this assignment. I need to add few more line for 5 points with 101070 assignment.
1.How gross domestic product (GDP) affect default: Add 150 lines with this point. only write on How can GDP explain from General stain theory (GST), that means link GDP with GST.
2.How Inflation affect default: Add 150 lines with this point. only write on How can be Inflation explain from General stain theory (GST), that means link inflation with GST.
3.How House Price Index affect default: Add 150 lines with this point. only write on How can be House price index explain from General stain thoery (GST), that means link House price index with GST.
4.How interest rate affect default: Add 150 lines with this point. only write on How can be interest rate explain from General stain theory (GST), that means link Interest rate with GST.
5.How national income affect default: Add 150 lines with this point. only write on How can be National Income explain from General stain thoery (GST), that means link National Income with GST.
Please see below point for example.How Borrowers age affect default: According to General strain theory (GST) individual has different types of strains, particularly strains that are high in magnitude, are seen as unjust, are associated with low social control, and create some pressure or incentive for individual life. Different type of individual strain or stress may affect their ability to pay the loan that leads to default. For this point, age can be one of the individual strains, that can affect individual financial ability.For example, young age people, they might not have steady income because of their low-level skill, lack of professional experiences, early stage of education, maturity level at their age stage, which contribute to their low level of income, resulting impeding their abilities to pay back loan.. As they grow up, they matured, they have more experience, more knowledge and as a result they will gain steady income. These characteristics of young age reduce their strength which affect their paying ability as a result they defaulted. So according to GST the immature age, teenage age or young age can be strain that limit their ability to pay back the loan.