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The authors point out that Jean Piaget was to child development what B. F. Skinner was to behaviourism. Explain the ways in which Piaget became a "towering figure" in psychology through his keen observations of children and his brilliant ideas.
Gross Savings
The total amount of savings generated within an economy, including personal, business, and government savings, before accounting for depreciation.
Net Investment
The total spending on new capital minus the replacement of depreciated capital, indicating the actual increase in a company's or nation's capital stock.
GDP
GDP, or Gross Domestic Product, measures the total value of all goods and services produced within a country's borders over a specific time period, reflecting the size and health of its economy.
Imports
Goods and services bought by a country from foreign countries, which can range from raw materials to finished products.
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