Joe Sells the House He Has Lived in for 10

question 61

Multiple Choice

Joe sells the house he has lived in for 10 years to the Smith family for $300,000.He receives $50,000 more than his original purchase price 10 years ago.Joe pays his real estate agent a 5 percent sales commission.This transaction will increase gross domestic product (GDP) by

• A) $0.
• B) $50,000.
• C) $15,000.
• D) $65,000.
• E) $300,000.

---

Definitions:

Spontaneous Recovery

A phenomenon in learning and conditioning where a previously extinguished response re-emerges after a period of no exposure to the conditioned stimulus.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior learning or conditioning.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly paired with an unconditioned stimulus.

Punishment

The process by which a stimulus or event weakens or reduces the probability of the response that it follows.