Explain the Difference Between a Prescriptive and a Descriptive Model

question 14

Essay

Explain the difference between a prescriptive and a descriptive model of small group decision-making needed. Then, provide one example of a prescriptive and one example of a descriptive model of small group decision-making and compare the models' relative strengths and weaknesses.

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Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes, such as inflation or deflation, providing a more accurate reflection of an economy's size and health.

Percent

A mathematical term representing a part per hundred in everything from finance to statistics.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, often measured as the percent rate of increase in real gross domestic product (GDP).

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.