If NNP Is $175 Billion and Depreciation Is $20 Billion

question 223

Multiple Choice

If NNP is $175 billion and depreciation is $20 billion, then GDP

• A) is $155 billion.
• B) is $195 billion.
• C) is $215 billion.
• D) cannot be determined from this information.

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Definitions:

Maslow's

Refers to Maslow's Hierarchy of Needs, a psychological theory that categorizes human needs into five levels from basic physiological needs to self-actualization, influencing motivation and behavior.

Progression Principle

The principle that a need isn’t activated until the previous lower-level need is satisfied.

Hierarchy Principle

A system or organization in which people or groups are ranked one above the other according to status or authority.

Deficit Principle

The principle that a satisfied need does not motivate behaviour.