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The Factor Income Approach Splits GDP into Consumption,investment,interest,and Rent

question 134

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The factor income approach splits GDP into consumption,investment,interest,and rent.


Definitions:

Self-Actualization

According to Maslow, one of the ultimate psychological needs that arises after basic physical and psychological needs are met and self-esteem is achieved; the motivation to fulfill one’s potential.

Economic Security

The state of having stable income or other resources to support a standard of living now and in the foreseeable future.

Lateral Hypothalamus

An area of the brain that plays a significant role in regulating hunger and thirst.

Ventromedial Hypothalamus

A region of the brain involved in regulating hunger, satiety, and body weight.

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