GDP (Gross Domestic Product) Measures the _____

question 59

Multiple Choice

GDP (gross domestic product) measures the _____.

• A) total output produced by an economy in a given year
• B) total output, including net exports, produced in an economy in a given year
• C) total payment made to factors of production in a given year
• D) the amount of taxes collected by the government in a given year

---

Definitions:

Operant Conditioning

A process of learning in which the dynamics of behavior are adjusted by assigning incentives or penalties.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response tendency.

Variable-Ratio

A reinforcement schedule in which a response is rewarded after an unpredictable number of responses, commonly used in operant conditioning.

Fixed-Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.