According to Abraham Maslow,an Individual Will Reach Self-Actualization When

question 5

Multiple Choice

According to Abraham Maslow,an individual will reach self-actualization when:

• A) Fulfillment of the first four levels is realized
• B) College education is completed
• C) Maturity is achieved
• D) Physiological needs are no longer a challenge

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Definitions:

Disposable Income

The total amount of money available for an individual or household to spend or save after taxes have been deducted.

Consumption

The use of goods and services by households, constituting one of the major components of GDP.

APC

Average Propensity to Consume, which is the fraction of income that is consumed rather than saved.

MPS

The marginal propensity to save refers to the portion of each additional dollar of income that is set aside for savings instead of being spent.