-Refer to the Above Table

question 147

Multiple Choice

-Refer to the above table. Which country has the lowest increase in per capita real GDP between 2012 and 2013?

• A) A
• B) B
• C) C
• D) D

Recognize the value of information in making economic decisions.

Analyze the effects of policies and costs on economic decisions.

Understand the concept of marginal benefits and marginal costs in decision-making.

Understand the concept of opportunity cost and how it influences economic decisions.

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Definitions:

Cognitive Needs

Psychological requirements of individuals that drive their desire to acquire knowledge, understanding, and rationality.

Innate Needs

Fundamental psychological or physiological needs that are born with an individual, determining motivations and behaviors.

Prestige Needs

The desire for esteem, respect, and admiration from others, considered as part of higher-level needs in Maslow's hierarchy.

Aggressive Needs

The need to express aggression or hostility, often considered in psychological contexts as stemming from frustration or a desire for dominance.