Real GDP Measures the Value of Goods and Services Produced

question 22

Multiple Choice

Real GDP measures the value of goods and services produced in a given year valued using

• A)base year prices.
• B)prices that prevail the same year.
• C)real rather than nominal prices.
• D)future prices.
• E)no prices.

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Definitions:

Reinforcement Theory

A motivational concept that suggests behavior can be shaped by rewarding positive actions and discouraging negative ones.

Deficit Principle

A concept in motivational theory suggesting that a satisfied need is not a motivator of behavior; individuals are motivated to fulfill unmet needs.

Motivator of Behaviour

Any stimulus that drives an individual to engage in a particular behavior, often aimed at achieving a specific outcome or reward.