Which of the Following Is One of the Four Elements

question 10

Multiple Choice

Which of the following is one of the four elements of decision making?

• A)Justice.
• B)Responsibility.
• C)Accessibility.
• D)Resource allocation.

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Definitions:

Per Capita GDP

A measure of the economic output of a country divided by its population, reflecting the average income per person.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar gross domestic product, thereby indicating the level of inflation or deflation.

Population

The total number of individuals inhabiting a particular territory or living within a specified demographic boundary.

Economic Well-Being

A measure of the economic success and quality of life for individuals and nations, often evaluated through income levels, employment rates, and access to resources.