Researchers Wanted to Avoid the Potential Problems of Bias Inrecalling

question 39

Multiple Choice

Researchers wanted to avoid the potential problems of bias inrecalling childhood events, so they designed a study in whichthey followed the development of two groups of boys for approximately 15 years. During this period they compared each group on a number of different traits and characteristics using standardized psychological tests. These researchers are conducting:

• A)a retrospective study.
• B)cross-cultural research.
• C)a prospective study.
• D)survey research.

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Definitions:

GDP Deflator

An indicator of the price levels for all newly produced domestic final goods and services within an economy, utilized for transforming nominal GDP into real GDP.

Inflation

A universal surge in prices and a dip in the value of monetary assets.

Real GDP

The measure of a country's economic output adjusted for price changes or inflation.

Value Added

The increase in the value of a product or service as a result of a particular process, excluding the costs of raw materials and energy.