Economists Measure the Total Output of an Economy in Order

question 173

Multiple Choice

Economists measure the total output of an economy in order to

• A) estimate the economy's consumption of resources.
• B) measure the overall level of prices.
• C) know how to adjust gross domestic product (GDP)for inflation.
• D) prevent the appearance of business cycles.
• E) gauge the economy's overall health.

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Definitions:

Personal Distress

A negative emotional response individuals feel when witnessing others in distress, motivating them to alleviate both their own and others' suffering.

Function Normally

The ability of an organism, system, or mechanism to operate or perform within its expected parameters, without impairment or dysfunction.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a manual published by the American Psychiatric Association detailing criteria for diagnosing mental disorders.

Axis I

A classification used in the DSM-IV (Diagnostic and Statistical Manual of Mental Disorders, 4th Edition) referring to clinical disorders, including mood, anxiety, and dissociative disorders.