Rowe and Khan's Model of Successful Aging Has 3 Components

question 15

Multiple Choice

Rowe and Khan's model of successful aging has 3 components:

• A)absence of chronic disease,maintenance of cognitive and physical functioning,and active engagement with life.
• B)sport involvement,social involvement,physical involvement.
• C)engagement with life,maintenance of physical functioning,high energy levels.
• D)absence of chronic disease,sport involvement,and active engagement with life.

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Definitions:

Potential Output

The economy’s maximum sustainable output, given the supply of resources, technology, and rules of the game; the output level when there are no surprises about the price level.

Natural Rate

The natural rate refers to the long-term unemployment rate that an economy experiences under normal conditions, unaffected by short-term cyclical fluctuations.

Full-Employment

A scenario where an economy utilizes all accessible labor resources in the most optimized manner.

Potential Output

Represents the highest level of real Gross Domestic Product (GDP) that can be sustained over the long term without increasing the rate of inflation.