Calculate GDP for an Economy That Has Consumer Purchases of $6,000

question 5

Essay

Calculate GDP for an economy that has consumer purchases of $6,000, investment purchases of $1,000, government purchases of $2,500, total exports of $1,000, and total imports of $500.

---

Definitions:

Prepotent Needs

In Maslow's hierarchy, these are more dominant or pressing needs that must be satisfied before higher-level needs can be addressed.

Climate of Openness

An organizational atmosphere where communication is encouraged, and employees feel comfortable sharing ideas and feedback.

"Useless" Idea

An idea perceived as having no practical value or immediate benefit, though it may have potential for future application or innovation.

Ratio Schedule

A type of reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses, often used in training and behavior modification.