Nominal GDP Can Change

question 189

Multiple Choice

Nominal GDP can change

• A)only if prices change.
• B)only if the quantities of goods and services change.
• C)only if prices increase.
• D)if either prices or the quantities of goods and services change.
• E)only if prices and the quantities of the goods and services change.

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Definitions:

Metaneeds

In Abraham Maslow's hierarchy of needs, these are the highest-level needs, involving self-actualization and the realization of one's potential.

States of Being

The various conditions or qualities that define the existence of a person or thing at any given time.

Self-Actualizers

Refers to individuals who have realized their potential and seek personal growth and fulfillment, as defined in Maslow's hierarchy of needs.

Basic Motivation

The fundamental drives, desires, or needs that propel individuals to engage in certain behaviors or pursue particular goals.