Real GDP

question 63

Multiple Choice

Real GDP

• A) is always less than aggregate income.
• B) is always greater then aggregate income.
• C) is equal to aggregate income.
• D) might be less than or more than aggregate income depending on consumption.

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Definitions:

System Justification

A theory that suggests people have a psychological need to view existing social, economic, and political systems as fair, legitimate, and justified.

Ingroup Bias

The inclination to prefer individuals from one's own group over those from outside groups.

Collective Action

Efforts by groups to resist and change the status quo in the service of group goals.

Individual Mobility

The ability of an individual to move within or between social strata in a society.