Double Counting Can Be Avoided By

question 90

Multiple Choice

Double counting can be avoided by:

• A) deducting a double-counting factor from the GNP estimates.
• B) adding the value of only the intermediate (non-?nal) goods and services produced.
• C) adding the incremental value added at each stage of production.
• D) including the value of all output produced in the economy.

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Definitions:

Functionalists

Psychologists who focus on the function of mental processes and behaviors in an individual's adaptation to the environment.

Psychological Science

The study of mind and behavior through research and experimentation to understand how humans think, feel, and act.

Behavior

The actions or reactions of an organism, often in response to external stimuli, observable by others.

Psychoanalysis

A therapeutic approach developed by Sigmund Freud focusing on unconscious processes as they are manifested in a person's present behavior.