Matching: Please Match the Term, Thinker, And/or Text with Its

question 28

Multiple Choice

Matching: Please match the term, thinker, and/or text with its complement or correspondent , by placing the appropriate identification letter/number in the space provided. (You may use answers more than once.)
-____ Thorstein Veblen

• A) Hierarchy of Needs
• B) Leisure class
• C) Conspicuous consumption
• D) Vicarious consumption
• E) Positional goods
• F) Treadmill of consumption
• G) Marshal Sahlins
• H) Thorstein Veblen
• I) Mahatma Gandhi
• J) Hau

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Definitions:

Nominal GDP

The market value of all final goods and services produced within a country in a given period, measured using current prices without adjusting for inflation.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of the economy's size and how it's growing over time.

Net Exports

The value of a country's total exports minus the value of its total imports, indicating whether a country has a trade surplus or deficit.

Government Purchases

Expenditures made by the government for goods and services that directly satisfy human wants or needs or are used in the production of other goods.