Which of the Following Statements Is True

question 94

Multiple Choice

Which of the following statements is true?

• A)Measuring economic growth as the rate of increase in actual real GDP is a valid measure.
• B)Measuring economic growth as the rate of increase in actual real GDP lead to an inaccurate measure of economic growth.
• C)Economic growth must be measured in nominal terms converted to real values each year.
• D)Economic growth must be measured in real GDP terms and converted to nominal terms each year.

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and thoughtfulness in pursuing goals.

Traits

Enduring characteristics or qualities that define an individual's behavior and personality.

Allport

Refers to Gordon Allport, an American psychologist known for his trait theory of personality, emphasizing the uniqueness of the individual.

Cattell

Refers to Raymond Cattell, a psychologist known for his work in personality theory, including the development of the 16 Personality Factor (16PF) questionnaire.