If We Add Up the Consumer Spending on Goods and Services

question 127

Multiple Choice

If we add up the consumer spending on goods and services, investment spending, government purchases of goods and services, and the value of exports, then subtract the value of imports, we have measured the nation's:

• A) disposable income.
• B) gross domestic product.
• C) trade deficit.
• D) budget deficit.

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Definitions:

Secondary Conditioning

A phenomenon in classical conditioning where a stimulus that becomes conditioned as a CS is used to condition a new stimulus.

Spontaneous Recovery

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

Respondent Behavior

A type of behavior that occurs in response to specific stimuli and is conditioned by the environment, as seen in classical conditioning.

Operant Behavior

Behavior that is controlled by its consequences, including rewards and punishments, in the context of operant conditioning a type of learning process.