According to the "Hierarchy of Needs" Model, the First Needs

question 267

Multiple Choice

According to the "hierarchy of needs" model, the first needs most people try to satisfy are their ______________ needs.

• A) safety
• B) personal
• C) physiological
• D) social
• E) any of these are correct.

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Definitions:

Nominal GDP

The market value of all final goods and services produced within a country in a given period, measured using current prices without adjustment for inflation.

Price Inflation

The pace at which the overall price level of goods and services increases, leading to a decline in purchasing power.

Price Deflation

A decrease in the general price level of goods and services over a period.

Time Series Data

Data collected and recorded at regular intervals over a period of time, often used for analyzing trends, cycles, and forecasts.