Cars,computers,and IPhones Are All Examples of Which of the Following

question 55

Multiple Choice

Cars,computers,and iPhones are all examples of which of the following?

• A)high culture
• B)material culture
• C)norms
• D)nonmaterial culture

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Definitions:

GDP Deflator

An economic measure that accounts for inflation by converting output measured at current prices into constant-dollar GDP.

Net Domestic Product

A measure of a nation's total economic output, adjusted for depreciation; it is the gross domestic product (GDP) minus the depreciation on a country’s capital goods.

National Income

The total amount of money earned within a country from the production of goods and services over a specified period, usually a year.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, stripping out the effects of inflation.