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Drawing on Parsons's functionalism,identify two ways that educational institutions are said to maintain the equilibrium of the social system.
National Income
The total monetary value of all goods and services produced by a country's economy over a specific time period, excluding income earned abroad.
GDP
Gross Domestic Product, abbreviated as GDP, embodies the total market and monetary worth of all products and services that are finalized within a country's borders throughout a defined period.
Depreciation
An accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy.
GDP Deflator
A measure of the price level of all newly produced, domestic, final goods and services in an economy, used to adjust GDP for inflation.
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