Economists Define Economic Growth in Terms of Changes in

question 72

Multiple Choice

Economists define economic growth in terms of changes in

• A)Potential GDP.
• B)Current GDP or actual production.
• C)Population.
• D)Living standards.

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Definitions:

Maslow's Hierarchy

A psychological health theory based on meeting inherent human needs in order of importance, leading to the ultimate goal of self-actualization.

Physiological Needs

Fundamental human requirements for survival, such as food, water, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Safety Needs

A level in Maslow's hierarchy of needs that entails security, safety, and stability in one’s physical and emotional environment.

Social Needs

Represents the basic human necessities for belonging, love, and affection, as part of Abraham Maslow's hierarchy of needs, emphasizing the importance of interpersonal relationships.