Why is increased technological knowledge for a nation important for growth?

It allows the nation to be more productive in goods and services that it produces.

Increased technological knowledge causes simultaneous increases in human capital and physical capital.

Technological knowledge allows output to increase instantly.

All of the above.

None of the above.

Answers

Answer 1

Answer:

It allows the nation to be more productive in goods and services that it produces.

Explanation:

Increased factors of production, whether it be technological knowledge, human capital, physical capital, or organization, all lead to growth because it allows a nation to be more productive in creating goods and services. For example, better tractors, better knowledge of how to use tractors, and continual engineering of more efficient tractors allow the United States to grow many crops efficiently.

Note that increasing one factor of production does not necessarily mean others will increase as well. Also, most improvements in factors of production take time to implement, meaning that an improvement in a factor of production will not always lead to an immediate increase in economic growth.


Related Questions

Briefly explain how the interchangeable parts on plows allowed for more cost-effective machinery.

Answers

Answer:

It gave farmers a way to easily fix a broken plow should one of the parts break or become worn.

Explanation:

Answer:

Which of the following best explain how the interchangeable parts on plows allowed for more cost-effective machinery? it it allowed frommer's build their own plows at at home rather than carring one from the store

I hope it helps ty pls make me brainliest thanks

how is the earth simllar to and different from a sipnning top?

Answers

Answer:

Instead of staying in one place and spinning like a spinning top, the Earth moves around in a circle. It orbits around the sun unlike a spinning top which stays still, not heading in a particular direction. However, the Earth does rotate on it axis and spins around like a spinning top.

What is the main cause of conflict in many West African nations?
A land ownership rights
B poverty
C lack of a common language
D ethnic diversity

Answers

Answer:

B.

Explanation:

Our leaders in many West Africa nations are mostly thinking about the money that they are going to eat only , they won't think about upgrading the country

People who might need to retrieve part or all of their investment relatively soon, such as the elderly, are often advised to invest a higher percentage of their money in bonds, and thus a lower percentage in stocks, than people who can leave the investment untouched for decades. We know, however, that bonds typically have a lower rate of return than stocks.

Why would people be advised to invest in assets that give lower average rates of return?
a. This is bad advice. People should always invest in whichever assets have the highest average rate of return.
b. Although stocks have a higher rate of return in the long run, they are much more volatile, or riskier, in the short run. Therefore, there is a higher probability that the value of the stocks will be less than the original value of the investment for people who might need to withdraw the investment in the short run.
c. Since bondholders get paid before stockholders in the event of bankruptcy of a firm, the average "real" rate of return on stocks and bonds will be the same, with bonds being less risky.
d. Although stocks have higher average rates of return in the long run, bonds have higher average rates of return in the short run. Therefore, bonds are likely to be more profitable for people who might need to get their investment back in the short run.

Answers

Answer:

b. Although stocks have a higher rate of return in the long run, they are much more volatile, or riskier, in the short run. Therefore, there is a higher probability that the value of the stocks will be less than the original value of the investment for people who might need to withdraw the investment in the short run.

Explanation:

The relationship between risk and return plays an important role here. Although stocks have higher returns on average, they are much riskier. One way in which this higher risk can manifest itself is through a portfolio value that fluctuates a lot. So, it is more likely that $1,000 invested in a diversified stock portfolio will be worth only $800 at some point than $1,000 invested in a diversified bond portfolio. If the investor is going to need that $1,000 back at some point soon, then it might be wiser to invest in the lower‑average‑return bond portfolio.

Stocks surely have higher rate of return in the long run but are highly volatile in the short run. If an investor, especially older person, who might need his money in the short run may find that his current value of stock is less than the value of investment. Thus the investor may incur a net loss even if the stock may have high rate of retun in the long run. Hence it is advisable to invest more in bonds if money is to be withdrawn in the short run.

Examine the differences between the person-job and person-organisation theory, using Holland’s Typology of Personality and congruent occupations as an example under Social

Answers

The differences between the person-job and person-organization theory, using Holland’s Typology of Personality and congruent occupations are:

A person-job fit means that an individual's skills, knowledge, and abilities are matched to the characteristics and requirements of a particular job.  Individuals with person-job fit enjoy working with people and communicate persuasively, warmly, and tactfully.Whereas, a person-organization fit ensures that an individual's skills, knowledge, and abilities match the organization's culture.A person with a person-organization fit is organized, loyal, and hard-working. The persons with organization fit enjoy working in the organization more than the individuals working within the organization.

What is Holland's Typology of Personality?

Holland identified the following six personality types within suitable working settings:

Realistic (R) Investigative (I) Artistic (A) Social (S) Enterprising (E) Conventional (C).

Thus, using these personality types, Holland implies that a career-seeker can be matched to an appropriate job depending on their personality and interests.

Learn more about Holland's Typology of Personality at https://brainly.com/question/10373284

Give me 3 small business ideas.​

Answers

Answer:

learn New skills

Explanation:

learning a New skills helps in keeping you or making you self reliance, and also buy products related to your supposed skill and sell out to those you give services to, also you can go I to affiliate marketing, learn coding and also digital marketing too.

what is the effect of physical punishment/discipline on the society?​

Answers

Answer:

Physical punishment is associated with increased child aggression, antisocial behaviour, lower intellectual achievement, poorer quality of parent–child relationships, mental health problems (such as depression), and diminished moral internalisation.

Explanation:

Describe the sources of education law​

Answers

Answer:

Hold my coffee!!

Explanation:

brainliest answer I am done

Which of the following would be an example of expansionary fiscal policy?

a) An increase in the individual income tax rate

b) Extending the period in which unemployed workers can collect unemployment benefits

c) A decrease in the amount of federal grants given to college students

d) A decrease in interest rates

Answers

b) Extending the period in which unemployed workers can collect unemployment benefits

Complete the sentences with the correct terms.

Demand–pull inflation occurs when _____1_____ increases until equilibrium output exceeds the full employment level. For instance, this can be caused by an increase in _____2_____. Temporarily, both aggregate output and _____3_____ increase, as resources are beyond capacity. Eventually, the economy returns to long‑run equilibrium when _____4_____ decreases until it and aggregate demand intersect at the same point on the ____5______ curve. Finally, _____6_____ returns to its full-employment level, and _____7_____ again increases.

WORD BANK
long-run aggregate supply
short-run aggregate supply
consumer spending
aggregate output
aggregate demand
the aggregate price level

Answers

Answer:

Demand pull inflation occurs when aggregate demand increases until equilibrium output exceeds the full employment level. For instance this can be caused by an increase in consumer spending. Temporarily both aggregate output and the aggregate price level increase as resources are beyond capacity. Eventually the economy returns to long-run equilibrium when short-run aggregate supply decreases until it and aggregate demand intersect at the same point on the long run aggregate supply curve. Finally, aggregate output returns to its full employment level and the aggregate price level again increases.

1. aggregate demand

2. consumer spending

3. the aggregate price level

4. short-run aggregate supply

5. long-run aggregate supply

6. aggregate output

7. the aggregate price level

Explanation:

Demand–pull inflation is caused by an increase in aggregate demand that results in an equilibrium aggregate output that is beyond an economy's full employment level of aggregate output. This can be caused by any substantial increase in the components of aggregate demand, including consumption, business investment, government spending, or net exports.

Initially, the economy will reach an equilibrium in which the new AD curve intersects the upward‑sloping short‑run aggregate supply curve. In this question, both the equilibrium aggregate output and the price level increase beyond the full employment equilibrium levels.

However, the increase in production is not sustainable in the long run. Rising prices and falling unemployment can lead to increases in the wages firms must pay, which causes the short‑run aggregate supply curve to shift to the left. Eventually, the economy will arrive at the equilibrium point where the new AD curve intersects the long run aggregate supply curve and the new short‑run aggregate supply curve at the same point.

Aggregate output returns to the economy's full employment level, and the aggregate price level increases further.

Explain the difference between a mixed market economy and a mixed command economy

Answers

Answer: Difference between Command Economy System and Mixed Economy System
The economic system is fully controlled by the government, while the economic system is controlled by the private sector and the government.



I hope this help

The public choice perspective on deficit spending suggests that deficit spending

is the result of politicians' concern for the economy's long‑term sucess.

is primarily funded by printing money to induce inflation.

shifts the costs of programs primarily onto present‑day taxpayers.

shifts the costs of programs away from current taxpayers and onto future generations.

Answers

Answer:

d. shifts the costs of programs away from current taxpayers and onto future generations.

Explanation:

Since public choice theory assumes that politicians are rational, self‑interested economic actors, deficit spending is seen as a way to hold office by promoting spending projects. As the costs of deficit spending are shifted toward future generations of taxpayers, deficit spending is more appealing in the present, as the up‑front costs of projects seem lower.

Deficit spending, in its most basic form, occurs when a government's expenditures exceed its revenues over a fiscal period, resulting in a budget deficit.

Assume the economy can produce either sports utility vehicles (SUVs) or minivans. The graph below depicts the current production possibilities frontier (PPF). Suppose the economy experiences a large increase in immigration. Move the end points of the PPF below to show how the PPF changes. Assume that the increase in immigration affects the economy's ability to produce both minivans and SUVs.

This is an example of:
a. economic contraction.
b. economic stagnation.
c. economic recession
d. economic growth.

Answers

Answer:

d. economic growth.

Explanation:

When the economy experiences a large increase in immigration, labor, a factor of production, increases. An increase in a factor of production will cause the PPF to shift outward, away from the origin because it can now produce more minivans and sports utility vehicles. This is an example of economic growth because the economy can produce more of all goods.

Economic contraction and recession both refer to an economy, for whatever reason, producing fewer goods and services than previously. Economic stagnation refers to an economy which is neither increasing nor decreasing its production possibilities.

Which statement is accurate about voting?


A) You can vote more than once in an election.

B) One vote makes very little difference.

C) It is a powerful way to be engaged in your community.

D) Only wealthy people can vote in elections.

Answers

Answer:

c. sorry if im wrong :(

Explanation:

Answer:

just bilevel in your self

:

People who drink coffee are more likely to develop cancer.
For this statement, which could be a hidden variable? Check all that apply.

A. The amount of coffee consumed
B. Which people were selected for the sample
C. Age
D. Cars driven by people who drink coffee

Answers

From this question the hidden variable of the people could be the

Age Which people were selected for the sample

What is a hidden variable?

This is another term for what is referred to as a confounding variable. These are the types of variables that would have an indirect effect on the endogenous variable.

The variables here are the age of the person that is drinking coffee and the people used in the study.

Read more on variables here: https://brainly.com/question/20755331

#SPJ1

our rights are related to other duties and other rights are related our duties

Answers

Answer:

Yes.

Explanation:

For every right there is corresponding duty.Therefore,in one way or the other,all rights are either directly or indirectly related to duties or responsibilities.

For example:the right to life gives us the duty to respect others' lives so prohibits murder of others & even ourselves as we are given our right to life by law.

Therefore,all rights have their respective duties & duties their respective rights enjoyed by the individual.

Another name for "getting out the vote" is

Answers

Answer:

sending out your poll

Explanation:

"Get out the vote" or "getting out the vote" (GOTV) describes efforts aimed at increasing the voter turnout in elections. In countries that do not have or enforce compulsory voting, voter turnout can be low, sometimes even below a third of the eligible voter pool.

Anthropology is a "holistic" social science, which means that it seeks to understand all aspects of human life. How has anthropology made connections across aspects of life such as economics, politics, language, history, biology, etc.? Provide examples

Answers

Anthropology has made connections across aspects of life as It has lead to the deep exploration of human uniqueness in terms of cultural and biological aspect of man.

How is anthropology linked to human life?

Anthropologists is known to be the study of the different attributes that pertains to past and present human communities.

It involves the use of different kinds of techniques. And by so doing, it looks, examine and describe how the various peoples of the  world lived in all of history.

Conclusively, Sociology and cultural anthropology helps use to know more about the social and cultural arrangements that people are found in, it helps us to know the ways that societies function, the conditions in which people alter their institutions, and others.

Learn more about anthropology from

https://brainly.com/question/13728734

What is human development index?

Answers

The Human Development Index is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.

Why did European colonists want to convert Indigenous peoples to Christianity?
O They believed it would make it easier to establish a colonial society.
O They wanted Indigenous peoples to learn to speak Spanish.
O They wanted to work with Indigenous peoples to learn farming techniques.
They believed Christianity would help in the recovery from population loss.

Answers

The answer is option a- as the European colonisers attempted to covert the Indigenous people to Christianity, for the sole purpose of establishing a society that was, in their view, more colonial.

The correct option is A. The European colonists want to convert Indigenous peoples to Christianity because they believed it would make it easier to establish a colonial society.

In order to aid invasion and colonialism, the European and American nations utilized Christianity as a cultural weapon to convert native populations against their own governments.

How were the natives converted to Christianity?

Native Americans in America experienced forced assimilation and cultural dominance under late 19th-century Christianity. Christian missionaries sought to convert native youngsters, who were frequently described as "savages," through boarding schools that were supported by the government.

Although it is possible to see the expansion of religion favorably, his acts were detrimental to the Indigenous population. Against their will, Columbus coerced the Native Americans into accepting Christianity and starting to practice this new religion.

Learn more about European colonists here:

https://brainly.com/question/4914583

#SPJ5

Suppose a country is projecting a deficit of $20 million next year. Which of the following events would add most to the debt?


an increase in the deficit of $500,000

a 3% rise in the interest rate

an increase in tax revenues of $600,000

all of the above would increase the debt by the same amount

Answers

A 3% rise in the interest rate

A 3% increase in the interest rate would add $600,000 to the deficit and thus to the debt. This exceeds a $500,000 increase in the deficit, while tax revenues would decrease, not increase, the debt.

Select the term that matches each definition.

a. when the government receives more in taxes than it spends in a given time period
b. when government spending and taxes are equal
c. when the federal government spends more than it collects in taxes in a given time period
d. the total accumulated amount that the government has borrowed and not yet paid back over time

WORD BANK
budget surplus
government debt
balanced budget
budget deficit

Answers

Answer:

a. Surplus budget

b. Balanced budget

c. Budget deficit

d. Government Debt

Explanation:

The terms budget surplus, budget deficit, and balanced budget all characterize the difference between the amount that the government spends and collects over some time period.

When the government collects more in tax revenue than it spends, a budget surplus occurs. Taylor notes that surpluses occurred during President Clinton's second term in office but that they went away when President Bush took office.

When the government spends more than it collects in tax revenue, a budget deficit occurs.

When the government spends the same amount that it collects in tax revenue, a balanced budget occurs.

Government debt is the accumulation of deficits and surpluses across time. Government debt is a measure of what the government owes.

The Following correctly matches each definition.

budget surplus: when the government receives more in taxes than it spends in a given time period.

balanced budget: when government spending and taxes are equal

budget deficit: when the federal government spends more than it collects in taxes in a given time period.

government debt: the total accumulated amount that the government has borrowed and not yet paid back over time.

What is the meaning of a Surplus Budget?

When income exceeds expenditures, there is a budget surplus. When a government runs a surplus, it has extra money that it can reinvest or use to pay off debts. The inverse of a surplus is a deficit. When government spending exceeds revenue, the government must borrow money to fund spending.

Thus, the mentioned above are correctly matched with its description.

Learn more about Surplus Budget here:

https://brainly.com/question/10876388

#SPJ2

Snowdonia is a small country which produces wrought iron and cheesecakes and is experiencing fixed capacity growth in year 1.

Which part of the business cycle is Snowdonia in?
a. recovery
b. peak
c. trough
d. recession

Fixed capacity growth is demonstrated on the graph as a movement from point _____ to point _____.
Long‑run growth in Snowdonia would be illustrated on the graph as a movement from point _____ to point _____.

WORD BANK
Point A
Point B
Point C

Answers

Answer:

Snowdonia is in recovery.

Fixed capacity: Point C to Point A

Long run: Point A to Point B

Explanation:

In the short run, economic growth is limited because an economy has only a finite level of resources. During a recession, output drops below the level it would have if all resources were used. This situation is depicted on a production possibility frontier by a point inside the curve, such as point C.

As the economy pulls up out of the recession, production increases back to the full employment level, moving the economy from point C to point A. At this point, the economy is producing as much as it can without an increase in resources. Fixed capacity growth means the resources are fixed in the economy . The growth occurs due to proper utilization of resources. So the economy grows from an inefficient point to an efficient point on PPF.

In the long run, however, technology improvements, increases in the capital stock, and increases in the quantity and skill of labor increase the capacity of the economy, shifting the PPF outward. This long‑run growth is depicted as a movement from point A on the PPF for year 1 to point B on a new PPF which is farther from the origin and represents an increase in productive capacity.

The business cycle is Snowdonia is in recovery.

Fixed capacity: Point C to Point A

Long run: Point A to Point B

What is World Bank?

The World Bank is famous an international financial institution that provides loans and grants to the governments of low- and middle-income countries/states for the purpose of pursuing capital projects.

In the short, economic growth is limited because an economy has only a definite level of resources. During a recession, output drops below the level it would have if all resources were it used. This situation is depicted on a production possibility frontier by a point in inside the curve, such as point C.

As the economy pulls up out of the recession, production increases back  it to the full employment level, moving to the economy from point C to point A. At this point, the economy is producing as much as it can without an increase in resources. Fixed capacity growth means to the resources are fixed in the economy . The growth occurs due to  the proper utilization of resources. So the economy grows from an inefficient point to an efficient point on PPF.

In the long run, however, technological improvements, increases in the capital stocks, and increases in the quantity and skill of labor increase the capacity of the economy of state, shifting the PPF outward. This long‑run growth is depicted as the movement from point A on the PPF for year 1 to point B on a new PPF which is farther from the origin and represents an increase in productive capacity.

Learn more about World Bank here:

brainly.com/question/9882243

#SPJ2

(15 points)Which force results in the economic impacts described in the passage?
As information is more widespread, consumers demand product and service offerings available outside of their own
nation. International supply and demand may lead to more reliance on new technologies. Consumers demand products
at lower prices, which leads to outsourcing. And finally, goods produced internationally may meet different quality
standards, fueling a need for more quality control. All of these issues carry economic impact with them.

1. Capitalism
2. Communism
3. Globalization
4. Democracy

Answers

Answer:

1

Explanation:

Capitalism

Making the assumption of no compounding interest, suppose you purchase a perpetuity bond from Vandalay Industries for $4,000 with an annual coupon rate of 3%. Specify all answers to the nearest dollar and assume a discount rate equal to that of the current interest rate.

1. What is the yearly return on your $4,000 investment?
yearly return: $______________

2. Changes in the economy push interest rates up from 3% to 5%. For how much can you sell your bond following this change in market interest rates?
price of bond: $______________

3. Suppose that interest rates instead change from 3% to 1%. For what price will you be able to sell your bond following this change in market interest rates?
price of bond: $______________

Answers

Answer:

yearly return: $120

price of bond: $2,400

price of bond: $12,000

Explanation:

To solve for the yearly return on the bond, simply multiply the value of the bond by the annual coupon rate. This yields

$4000 × 0.03 = $120

To calculate the price of a perpetuity bond following changes in the market interest rate, use the formula

price of bond = interest payment / yield

So if the yield on bonds is now 5% , the price of your existing bond from Vandalay Industries, which pays only 3% , falls to $2{,}400 since

$120 / 0.05 = $2400

However, if market interest rates fall to 1% , then the 3% yield on your current bond becomes very attractive to investors.

$120 / 0.01 = $12000

As such, investors would pay $12,000 for your bond when interest rates fall to 1% .

Although perpetuities may seem to be an unusual form of investment, note that the pattern of the bond price varying inversely with interest rates is common to other types of bonds.

Match the given scenarios to the respective participants in the forex market.

1.The currency rate of exchange of the nation was fluctuating
too much. An agency protected the value of the national
currency by overseeing forex transactions.
This agency is the …

2.This agency conducts commercial forex transactions.
These are handled by large commercial banks.
This agency is the…

3.This is a wholesale dealer of foreign currencies
who supplies currencies when other agencies
are short of them. This is the…

4.This includes foreign trade in goods and services using
commercial banks for forex exchanges. This is the…

foreign exchange broker---->

retail customer---->

central bank---->

foreign exchange dealer---->

Answers

Based on their roles, the descriptions of participants in the forex market are:

Foreign exchange broker - This agency conducts commercial forex transactions. These are handled by large commercial banks.

Retail Customer - This includes foreign trade in goods and services using commercial banks for forex exchanges.

Central Bank - The currency rate of exchange of the nation was fluctuating too much. An agency protected the value of the national currency by overseeing forex transactions.

Foreign exchange dealer - This is a wholesale dealer of foreign currencies who supplies currencies when other agencies are short of them.

What are the roles of forex market participants?

Foreign exchange brokers facilitate forex transactions which is why commercial banks usually have this role. Retail customers are the end users who need forex to trade foreign goods and services.

The Central Bank ensures that the national currency is protected by tracking forex transactions while foreign exchange dealers hold foreign currencies and supply them to others who need them.

Find out more on the forex market at https://brainly.com/question/24517642.

Answer:

Explanation: edmentum/plato

What is the frequency of a wave that has a wavelength of 0.39M and the speed of 86

Answers

Answer:

85.8 m/s

Explanation:

speed=wavelength multiply by frequency

Leo is always so worried that something bad is about to happen that he can't stay focused at school. A therapist might best diagnose Leo with

Answers

If he is always worried that something bad is about to happen. A therapist might best diagnose Leo with: generalized anxiety disorder.

What is generalized anxiety disorder?

Generalized anxiety disorder can be defined as a type of disorder in which a person begins to have fear of the unknown or begins to have a negative thought which can tend to create fears in them.

A person with this type of disorder will tend to always have anxiety about things because he or she felt that something bad might likely happen.

Inconclusion  a therapist might best diagnose Leo with: generalized anxiety disorder.

Learn more about  generalized anxiety disorder here:https://brainly.com/question/7434259

James Mill's work was not empirical.​

Answers

Answer:

Virtually everything that James Mill ever wrote had a pedagogical purpose. He was a relentlessly didactic writer whose most important essays—Government and Education, in particular—take the form of clipped, concise, deductive arguments.

Please answer
Question 3 (1 point)
What can we learn about the Etowah people from the mounds they created?
they created a town center, a place for religious activities and burial grounds
they lived in Texas.
they still have the same town
they did not see European explorers

Answers

Answer:

They had a hierarchical social structure.

Explanation:

The flattened mound was used for the chief's house, meaning that the chief was elevated as somebody more important than the rest of the villagers.

Other Questions
I need the answer to this math problom Each layer of the geosphere has a different composition. What element makes up most of Earth's crest? A responsible writer lists the source of his or her information in the _____.AlmanacBibliographyTable of Contents convert y = -0.5(x + 4)^2 - 2 standard form I WILL CHOOSE BRAINLIEST Bob did a survey asking adults which pet they wished they had as a kid. The results are below. If 720 adults said the pet they wished they had was a dog, how many adults wished they had a rabbit? You fill the entire fish tank with water. Then you dump out some of the water. The volume of the water in the tank decreases by 96 cubic inches. How deep is the water now? (The height is 12 inches, the base is 48) ______________________ include both the private costs incurred by firms and also costs incurred by third parties outside the production process My God, I'm so lonelySo I open the windowTo hear sounds of peopleTo hear sounds of peopleVenus, planet of loveWas destroyed by global warmingDid its people want too much, too?Did its people want too much?And I don't want your pityI just want somebody near meGuess I'm a cowardI just want to feel alrightAnd I know no one will save meI just need someone to kissGive me one good honest kissAnd I'll be alrightNobody, nobody, nobodyNobody, nobodyOoh, nobody, nobody, nobodyI've been big and smallAnd big and smallAnd big and small againAnd still nobody wants meStill nobody wants meAnd I know no one will save meI'm just asking for a kissGive me one good movie kissAnd I'll be alrightNobody, nobody, nobodyNobody, nobodyOoh, nobody, nobodyNobody, nobody, nobody 100 apples in total, 65% are green, and 21% of the green apples have worms. how many apples have worms? how does poverty affect people in south Africa What is 8 cm enlarged by a scale factor of 6.5 What is the answer elmo wants it Ideas for my argument essay? a contractor hires 150 men to pave Philip Goldson highway in 30 days. How many men will he hire to do the same work in 20 days? Which is the correct order of events for fossil formation?F 3,4, 1,2H 1, 3, 2,4G 2, 3, 4, 1I 3, 2, 1,4 A student boils water in an electric kettle for 20 minutes. Using the same mains supply, he wants to reduce the boiling time of water. To do so, should he increase or decrease the length of the heating element? Justify your answer. A primary healthcare provider is treating the red-color wound of a client caused by pressure ulcers. Which dressings are beneficial for wound recovery 7 whole number 2/3 -4 5/6 + 2 3/8 According to Erikson's theory, if retrospective glances and reminiscences reveal a picture of a life well spent, an older adult will feel satisfied. Erikson refers to this as