A Basic Belief Is One That Does Not Need to Be

question 29

True/False

A basic belief is one that does not need to be justified by other beliefs.

---

Definitions:

Gross Domestic Product

The total monetary value of all final goods and services produced within a country's borders in a specific time period.

Consumer Goods

Products and services that satisfy the needs and wants of consumers directly.

Capital Goods

Goods that are used in producing other goods, rather than being bought by consumers directly.

Total Spending

Total spending refers to the aggregate amount of money spent by individuals, businesses, and government on goods and services within a specific time frame.