The Service a Homeowner Performs When She Mows Her Yard

question 4

Multiple Choice

The service a homeowner performs when she mows her yard is not included in GDP because

• A)this is a nonmarket transaction.
• B)this is a nonproduction activity.
• C)this is a noninvestment transaction.
• D)multiple counting would be involved.

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Definitions:

Positive Affect

The extent to which an individual experiences positive emotions and moods, such as joy, enthusiasm, and contentment.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through study, experience, or teaching.

Biological Approach

A perspective in psychology and neuroscience that emphasizes understanding behavior and cognition through biological processes and structures.

Heritability

The proportion of variance in a particular trait within a population that is attributable to genetic differences among individuals.