In Computing GDP, It Is Essential to

question 116

Multiple Choice

In computing GDP, it is essential to

• A)include government transfer payments.
• B)include government tax revenues.
• C)avoid double counting.
• D)count all intermediate products directly as they are produced.

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Definitions:

Habituation

Becoming used to a stimulus and therefore paying less attention to it.

Babinski reflex

A reflex action of the foot in which the big toe extends upwards and the other toes fan out when the sole of the foot is firmly stroked, common in infants.

Regression

A return to behavior characteristic of earlier stages of development.

Moro reflex

An involuntary reflex found in infants, often referred to as the startle reflex, where the baby flings their arms out and then retracts them quickly in response to a sensation of falling or a sudden noise.