To Estimate the Value of U

question 61

Multiple Choice

To estimate the value of U.S. GDP from U.S. GNP, we must:

• A) add the value of output produced by U.S. residents and sold abroad.
• B) add the income earned by U.S. residents from the rest of the world and subtract payments made by U.S. residents to the rest of the world.
• C) subtracting the value of output produced by U.S. residents and sold abroad.
• D) subtract the income earned by U.S. residents from the rest of the world and add payments made by U.S. residents to the rest of the world.

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Definitions:

Sapir-Whorf Hypothesis

A linguistic theory that suggests the structure of a language affects its speakers' world view or cognition, and thus people's perceptions are relative to their spoken language.

Symbolic Culture

The aspect of culture that consists of the symbols, language, norms, and values that influence human behavior and communication.

Sociologists

Social scientists who study the development, structure, and functioning of human society, including patterns of social relationships, interactions, and culture.

Mainstream Values

Dominant societal norms and moral beliefs that are widely accepted and practiced by the majority of a society or culture.