The Core Values of Development Include

question 8

Multiple Choice

The core values of development include

• A)increasing income per person.
• B)reducing the inequality of income.
• C)the ability to meet basic needs.
• D)all of the above.

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Definitions:

Total Output

The complete quantity of goods or services produced by an entity within a specific period.

Loanable Funds

Financial resources available for borrowing, which constitute the supply in the loan markets.

Interest Rate

The percentage charged on the total amount of borrowed money or paid on savings, indicating the cost of borrowing or the reward for saving.

Equilibrium Interest Rate

The equilibrium interest rate is the rate at which the demand for funds equals the supply of funds in the financial markets, balancing savings and investments.