In a Study by Dunn and Colleagues,students Were Given a Sum

question 98

Multiple Choice

In a study by Dunn and colleagues,students were given a sum of money and told to spend it on themselves,someone else,or make a charitable donation.They later rated their level of happiness.Which group was given the lowest ratings of happiness?

• A)Students who spent the money on a charitable donation.
• B)Students who spent the money on a gift for someone else.
• C)Students who spent the money on themselves.
• D)None of the groups differed in happiness as money doesn't buy happiness.

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Definitions:

Consumer Income

The total amount of income earned by consumers, including wages, salaries, benefits, and investment income.

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Cumulative Value

The total value generated over time by a series of financial transactions or investments.

Aggregate Income

All earnings of resource suppliers in an economy during a given period, usually a year.