_____ Are Concerned with Making the Best Use of a Consumer's

question 39

Multiple Choice

_____ are concerned with making the best use of a consumer's time and money-as the consumer judges it.

• A) Economic needs
• B) Psychological needs
• C) Social influences
• D) Behavioral influences
• E) Perceptual needs

---

Definitions:

GDP Deflator

A scale for assessing the cost of all newly manufactured, domestic final goods and services in a country's economy.

Real GDP

The measure of a country's economic output adjusted for price changes and inflation, reflecting the true value of goods and services produced.

Percentage Change

A mathematical calculation that indicates the degree of change over time, expressed as a percentage.

National Income

The total value of all goods and services produced by a country's economy over a specific period, including income received from abroad.